TerraVest Industries (TSE:TVK) Shares Pass Above Fifty Day Moving Average of $62.06

TerraVest Industries Inc. (TSE:TVK) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$62.06 and traded as high as C$73.00. TerraVest Industries shares last traded at C$72.23, with a volume of 12,740 shares traded.

TerraVest Industries Stock Performance

The company has a market cap of C$1.31 billion, a PE ratio of 27.78 and a beta of 0.66. The company has a debt-to-equity ratio of 149.19, a quick ratio of 0.91 and a current ratio of 2.07. The firm’s 50 day moving average is C$62.06 and its 200-day moving average is C$49.00.

TerraVest Industries (TSE:TVK) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.94 earnings per share (EPS) for the quarter. TerraVest Industries had a return on equity of 23.89% and a net margin of 6.52%. The business had revenue of C$228.09 million during the quarter. On average, research analysts anticipate that TerraVest Industries Inc. will post 0.78 earnings per share for the current fiscal year.

TerraVest Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. TerraVest Industries’s dividend payout ratio is presently 23.08%.

Insider Activity

In other news, Senior Officer Marilyn Boucher acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of C$55.00 per share, for a total transaction of C$55,000.00. In other TerraVest Industries news, Director Blair Cook sold 4,000 shares of TerraVest Industries stock in a transaction on Monday, April 15th. The stock was sold at an average price of C$74.50, for a total value of C$298,000.00. Also, Senior Officer Marilyn Boucher purchased 1,000 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average price 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

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.