TerraVest Industries (TSE:TVK) Hits New 1-Year High – What’s Next?

TerraVest Industries Inc. (TSE:TVK) reached a new 52-week high during trading on Monday . The company traded as high as C$122.13 and last traded at C$121.32, with a volume of 3516 shares trading hands. The stock had previously closed at C$120.49.

Analyst Ratings Changes

Separately, National Bankshares upped their target price on TerraVest Industries from C$89.00 to C$104.00 in a research report on Thursday, August 15th.

TerraVest Industries Price Performance

The company has a debt-to-equity ratio of 71.72, a quick ratio of 0.91 and a current ratio of 2.32. The company’s 50 day moving average price is C$102.24 and its 200-day moving average price is C$87.04. The company has a market cap of C$2.40 billion, a price-to-earnings ratio of 34.92 and a beta of 0.66.

Insiders Place Their Bets

In related news, insider Charles Pellerin sold 69,000 shares of TerraVest Industries stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of C$102.56, for a total value of C$7,076,640.00. Also, Director Dustin Haw sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$100.00, for a total transaction of C$2,000,000.00. Over the last 90 days, insiders have sold 113,700 shares of company stock worth $11,556,134. 29.81% of the stock is owned by insiders.

About TerraVest Industries

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.