Westshore Terminals Investment (TSE:WTE) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Westshore Terminals Investment Co. (TSE:WTE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$36.58 and traded as high as C$42.90. Westshore Terminals Investment shares last traded at C$42.01, with a volume of 57,555 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted their target price on Westshore Terminals Investment from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$44.00.

Westshore Terminals Investment Stock Down 0.2%

The company’s 50 day simple moving average is C$40.29 and its 200-day simple moving average is C$36.61. The company has a current ratio of 1.04, a quick ratio of 2.07 and a debt-to-equity ratio of 58.75. The firm has a market cap of C$2.59 billion, a P/E ratio of 26.36 and a beta of 0.73.

Westshore Terminals Investment (TSE:WTE) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.41 earnings per share for the quarter. Westshore Terminals Investment had a net margin of 29.65% and a return on equity of 13.28%. The firm had revenue of C$93.57 million during the quarter. Research analysts forecast that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current fiscal year.

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. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship.