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

Shares of Westshore Terminals Investment Co. (TSE:WTE) crossed 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 traded.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WTE. Scotiabank raised their target price on shares of Westshore Terminals Investment from C$26.00 to C$27.00 in a report on Monday, March 11th. CIBC lifted their price target on Westshore Terminals Investment from C$29.00 to C$30.00 and gave the company a “neutral” rating in a report on Friday, January 12th.

Westshore Terminals Investment Stock Up 1.4 %

The business’s 50 day simple moving average is C$25.58 and its 200-day simple moving average is C$25.90. The company has a market cap of C$1.64 billion, a price-to-earnings ratio of 14.06 and a beta of 0.88. The company has a debt-to-equity ratio of 38.09, a quick ratio of 2.07 and a current ratio of 1.57.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings data on Friday, March 8th. The company reported C$0.36 EPS for the quarter. Westshore Terminals Investment had a net margin of 30.59% and a return on equity of 16.16%. The business had revenue of C$88.69 million during the quarter. Sell-side 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 declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.73%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Westshore Terminals Investment’s previous quarterly dividend of $0.35. Westshore Terminals Investment’s dividend payout ratio is 80.65%.

Westshore Terminals Investment Company Profile

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.