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Westshore Terminals Investment (TSE:WTE) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Westshore Terminals Investment logo with Industrials background

Key Points

  • Westshore Terminals Investment's stock price surpassed its 200-day moving average of C$25.58, peaking at C$26.32 during trading.
  • Royal Bank of Canada upgraded Westshore Terminals' rating from "hold" to "moderate buy", raising the target price from C$23.00 to C$30.00.
  • The company operates a coal storage and loading terminal in British Columbia, generating revenue from loading coal onto seagoing vessels for mines in the region.
  • Looking to export and analyze Westshore Terminals Investment data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.58 and traded as high as C$26.32. Westshore Terminals Investment shares last traded at C$25.91, with a volume of 51,060 shares.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on WTE

Westshore Terminals Investment Trading Up 0.7%

The company has a debt-to-equity ratio of 62.46, a current ratio of 1.08 and a quick ratio of 2.07. The firm has a market capitalization of C$1.58 billion, a PE ratio of 14.90 and a beta of 0.86. The business's 50-day moving average price is C$27.21 and its 200-day moving average price is C$25.66.

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.

See Also

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