Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Pass Above 200 Day Moving Average of $8.47

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.47 and traded as high as C$8.55. Chemtrade Logistics Income Fund shares last traded at C$8.52, with a volume of 156,177 shares traded.

Wall Street Analysts Forecast Growth

Separately, CIBC decreased their price target on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Chemtrade Logistics Income Fund presently has a consensus rating of "Moderate Buy" and a consensus target price of C$11.70.

Chemtrade Logistics Income Fund Trading Down 0.2 %

The stock has a market capitalization of C$995.95 million, a price-to-earnings ratio of 5.59 and a beta of 1.48. The company has a debt-to-equity ratio of 122.18, a quick ratio of 0.48 and a current ratio of 0.80. The firm has a fifty day moving average of C$8.46 and a 200-day moving average of C$8.47.

Chemtrade Logistics Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were given a $0.055 dividend. This is a boost from Chemtrade Logistics Income Fund's previous monthly dividend of $0.05. This represents a $0.66 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend was Wednesday, February 28th. Chemtrade Logistics Income Fund's dividend payout ratio is presently 43.42%.

Insider Buying and Selling at Chemtrade Logistics Income Fund

In other news, Senior Officer Timothy Neil Montgomery acquired 5,942 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was bought at an average cost of C$5.93 per share, with a total value of C$35,236.06. 0.18% of the stock is currently owned by corporate insiders.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.