Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) was down 6.4% on Monday . The stock traded as low as C$23.81 and last traded at C$23.95. Approximately 100,316 shares traded hands during trading, a decline of 17% from the average daily volume of 120,521 shares. The stock had previously closed at C$25.59.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada decreased their price objective on Westshore Terminals Investment from C$25.00 to C$23.00 and set a "sector perform" rating for the company in a report on Tuesday.
View Our Latest Stock Analysis on Westshore Terminals Investment
Westshore Terminals Investment Price Performance
The firm has a market cap of C$1.39 billion, a P/E ratio of 13.09 and a beta of 0.86. 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's 50 day moving average is C$24.40 and its 200 day moving average is C$23.76.
Westshore Terminals Investment Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.67%. Westshore Terminals Investment's payout ratio is currently 87.28%.
About Westshore Terminals Investment
(
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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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