Westshore Terminals Investment (TSE:WTE) Shares Pass Above 200-Day Moving Average of $17.01

Shares of Westshore Terminals Investment Co. (TSE:WTE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.01 and traded as high as C$20.44. Westshore Terminals Investment shares last traded at C$20.04, with a volume of 85,034 shares.

Several research firms recently weighed in on WTE. CIBC lifted their target price on Westshore Terminals Investment from C$17.00 to C$20.00 and gave the company a “neutral” rating in a research report on Thursday, March 18th. BMO Capital Markets lifted their target price on Westshore Terminals Investment from C$18.00 to C$19.00 in a research report on Monday, February 8th. Finally, TD Securities lifted their target price on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the company a “strong-buy” rating in a research report on Friday, March 19th.

The company has a quick ratio of 2.79, a current ratio of 3.06 and a debt-to-equity ratio of 38.62. The company has a fifty day moving average price of C$19.58 and a 200-day moving average price of C$17.03. The stock has a market capitalization of C$1.27 billion and a P/E ratio of 10.22.

Westshore Terminals Investment (TSE:WTE) last issued its quarterly earnings data on Tuesday, March 16th. The company reported C$0.49 earnings per share for the quarter. The company had revenue of C$89.77 million for the quarter. As a group, research analysts expect that Westshore Terminals Investment Co. will post 1.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.19%. Westshore Terminals Investment’s dividend payout ratio (DPR) is presently 40.77%.

About Westshore Terminals Investment (TSE:WTE)

Westshore Terminals Investment Corporation, through its limited partnership interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from mines in British Columbia and Alberta, Canada, as well as in Montana.

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