Westshore Terminals Investment (TSE:WTE) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Westshore Terminals Investment (TSE:WTE) shares fell below their 200-day moving average, trading at C$25.58, with a low of C$25.37 during the day.
• The Royal Bank Of Canada upgraded the stock from "hold" to "moderate buy," raising its price target from C$23.00 to C$30.00.
• Westshore Terminals has a market capitalization of C$1.58 billion and a low beta of 0.51, indicating relative stability in price movement.

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$25.80 and traded as low as C$25.37. Westshore Terminals Investment shares last traded at C$25.58, with a volume of 80,109 shares trading hands.

Westshore Terminals Investment Price Performance

The business's 50 day moving average is C$26.66 and its 200-day moving average is C$25.81. The firm has a market capitalization of C$1.59 billion, a P/E ratio of 15.48 and a beta of 0.51. The company has a quick ratio of 2.07, a current ratio of 1.08 and a debt-to-equity ratio of 62.46.

About Westshore Terminals Investment

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.