Westshore Terminals Investment (TSE:WTE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Westshore Terminals Investment Co. (TSE:WTE)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$35.63 and traded as high as C$41.06. Westshore Terminals Investment shares last traded at C$39.92, with a volume of 47,591 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted their price objective on shares of Westshore Terminals Investment from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$42.00.

Westshore Terminals Investment Stock Performance

The firm’s 50-day moving average price is C$40.32 and its two-hundred day moving average price is C$35.63. The firm has a market capitalization of C$2.47 billion, a PE ratio of 25.11 and a beta of 0.72. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39.

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.