Westshore Terminals Investment (TSE:WTE) Stock Passes Above Two Hundred Day Moving Average of $25.88

Westshore Terminals Investment Co. (TSE:WTE)’s stock price 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.

Analyst Ratings Changes

WTE has been the subject of several research reports. Scotiabank lifted their price target on 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 stock a “neutral” rating in a report on Friday, January 12th.

Westshore Terminals Investment Price Performance

The stock has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 13.87 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. The company has a fifty day simple moving average of C$25.56 and a two-hundred day simple moving average of C$25.88.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings data on Friday, March 8th. The company reported C$0.36 earnings per share 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%. As a group, equities research analysts expect that Westshore Terminals Investment Co. will post 1.6703439 earnings per share for the current fiscal year.

Westshore Terminals Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.375 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Westshore Terminals Investment’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a yield of 5.81%. Westshore Terminals Investment’s payout ratio is currently 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.