Westshore Terminals Investment (TSE:WTE) Shares Down 1.5% – Here’s Why

Westshore Terminals Investment Co. (TSE:WTE)’s stock price dropped 1.5% on Wednesday . The company traded as low as C$23.29 and last traded at C$23.33. Approximately 94,837 shares changed hands during trading, an increase of 19% from the average daily volume of 79,794 shares. The stock had previously closed at C$23.69.

Westshore Terminals Investment Stock Down 1.5 %

The company has a quick ratio of 2.07, a current ratio of 1.13 and a debt-to-equity ratio of 62.89. The company has a market capitalization of C$1.44 billion, a PE ratio of 13.89 and a beta of 0.86. The company’s 50 day moving average is C$23.75 and its two-hundred day moving average is C$23.40.

Westshore Terminals Investment (TSE:WTE) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.55 EPS for the quarter. Westshore Terminals Investment had a net margin of 27.78% and a return on equity of 14.82%. The business had revenue of C$103.50 million during the quarter. On average, analysts anticipate that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current year.

Westshore Terminals Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Tuesday, December 31st. Westshore Terminals Investment’s payout ratio is 89.29%.

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.