Westshore Terminals Investment (TSE:WTE) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Westshore Terminals Investment Co. (TSE:WTE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$37.07 and traded as high as C$42.10. Westshore Terminals Investment shares last traded at C$42.00, with a volume of 24,879 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upped their target price on shares of Westshore Terminals Investment from C$42.00 to C$44.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$44.00.

Westshore Terminals Investment Stock Up 0.0%

The company has a debt-to-equity ratio of 58.75, a current ratio of 1.04 and a quick ratio of 2.07. The firm has a 50-day moving average of C$40.37 and a 200 day moving average of C$37.07. The stock has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 26.42 and a beta of 0.73.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.41 earnings per share (EPS) 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 for the quarter. As a group, sell-side analysts forecast that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current fiscal year.

Westshore Terminals Investment Company Profile

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.