Westshore Terminals Investment (TSE:WTE) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Westshore Terminals Investment's share price recently crossed above its 200-day moving average of C$25.67, trading as high as C$25.85.
• The Royal Bank of Canada upgraded its rating on Westshore shares from "hold" to "moderate buy" and increased the price target from C$23.00 to C$30.00.
• Despite the positive movement, the stock was down 0.5% with a current trading price of C$25.66 and a market capitalization of C$1.59 billion.

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$25.67 and traded as high as C$25.85. Westshore Terminals Investment shares last traded at C$25.66, with a volume of 58,961 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised Westshore Terminals Investment from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from C$23.00 to C$30.00 in a report on Tuesday, May 20th.

Westshore Terminals Investment Stock Down 0.3%

The company's fifty day simple moving average is C$27.05 and its 200 day simple moving average is C$25.71. The company has a quick ratio of 2.07, a current ratio of 1.08 and a debt-to-equity ratio of 62.46. The firm has a market capitalization of C$1.57 billion, a PE ratio of 15.33 and a beta of 0.65.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States.