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Westshore Terminals Investment (TSE:WTE) Stock Passes Above 200 Day Moving Average - Here's Why

Westshore Terminals Investment logo with Industrials background

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.77 and traded as high as C$26.45. Westshore Terminals Investment shares last traded at C$26.34, with a volume of 181,673 shares.

Analyst Ratings Changes

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

View Our Latest Analysis on Westshore Terminals Investment

Westshore Terminals Investment Stock Performance

The company has a current ratio of 1.08, a quick ratio of 2.07 and a debt-to-equity ratio of 62.46. The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 15.60 and a beta of 0.86. The stock's 50 day moving average is C$24.45 and its 200 day moving average is C$23.85.

Westshore Terminals Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.59%. Westshore Terminals Investment's dividend payout ratio (DPR) is 87.28%.

Westshore Terminals Investment Company Profile

(Get Free Report)

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.

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