Westshore Terminals Investment (TSE:WTE) Stock Price Crosses Above 200 Day Moving Average of $25.88

Westshore Terminals Investment Co. (TSE:WTE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.88 and traded as high as C$26.03. Westshore Terminals Investment shares last traded at C$25.80, with a volume of 92,879 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. CIBC raised their target price on shares of Westshore Terminals Investment from C$29.00 to C$30.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Scotiabank lifted their price target on shares of Westshore Terminals Investment from C$26.00 to C$27.00 in a research note on Monday, March 11th.

Westshore Terminals Investment Trading Up 1.4 %

The stock has a market cap of C$1.64 billion, a P/E ratio of 14.06 and a beta of 0.88. The company has a current ratio of 1.57, a quick ratio of 2.07 and a debt-to-equity ratio of 38.09. The stock’s fifty day moving average price is C$25.58 and its 200 day moving average price is C$25.90.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings results on Friday, March 8th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$88.69 million during the quarter. Westshore Terminals Investment had a return on equity of 16.16% and a net margin of 30.59%. Equities research analysts expect that Westshore Terminals Investment Co. will post 1.6703439 earnings per share for the current year.

Westshore Terminals Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.375 dividend. This is a positive change from Westshore Terminals Investment’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a yield of 5.73%. Westshore Terminals Investment’s payout ratio is 80.65%.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.