TerraVest Industries (TSE:TVK) Reaches New 52-Week High at $64.98

TerraVest Industries Inc. (TSE:TVKGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$64.98 and last traded at C$62.50, with a volume of 2053 shares trading hands. The stock had previously closed at C$61.03.

TerraVest Industries Stock Up 2.9 %

The company’s 50 day moving average price is C$55.62 and its two-hundred day moving average price is C$44.79. The company has a quick ratio of 0.91, a current ratio of 2.07 and a debt-to-equity ratio of 149.19. The stock has a market cap of C$1.24 billion, a P/E ratio of 26.34 and a beta of 0.66.

TerraVest Industries (TSE:TVKGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$228.09 million during the quarter. TerraVest Industries had a net margin of 6.52% and a return on equity of 23.89%. As a group, research analysts expect that TerraVest Industries Inc. will post 0.78 earnings per share for the current year.

TerraVest Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, April 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, March 27th. TerraVest Industries’s dividend payout ratio (DPR) is 23.08%.

Insiders Place Their Bets

In other news, Senior Officer Marilyn Boucher purchased 1,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of C$55.00 per share, with a total value of C$55,000.00. Corporate insiders own 32.27% of the company’s stock.

About TerraVest Industries

(Get Free Report)

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.

Further Reading

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