Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.59 and traded as high as C$16.33. Chemtrade Logistics Income Fund shares last traded at C$16.09, with a volume of 180,715 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets cut their price objective on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a report on Friday, January 9th. National Bank Financial increased their target price on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.21.

Check Out Our Latest Research Report on CHE.UN

Chemtrade Logistics Income Fund Price Performance

The stock has a market cap of C$1.81 billion, a PE ratio of 13.19 and a beta of 0.80. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The business has a 50 day moving average price of C$15.67 and a two-hundred day moving average price of C$14.59.

About Chemtrade Logistics Income Fund

(Get Free Report)

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.

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