Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Chemtrade Logistics Income Fund (TSE:CHE.UN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.26 and traded as high as C$11.10. Chemtrade Logistics Income Fund shares last traded at C$11.05, with a volume of 67,625 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CHE.UN shares. National Bankshares raised their price objective on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Desjardins lifted their price target on shares of Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Raymond James Financial lifted their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Finally, CIBC lifted their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$14.33.

Chemtrade Logistics Income Fund Stock Down 0.5%

The business’s 50 day simple moving average is C$10.73 and its 200-day simple moving average is C$10.26. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 10.05 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Insider Activity

In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery acquired 60,921 shares of Chemtrade Logistics Income Fund stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average price of C$9.14 per share, with a total value of C$556,817.94. Insiders own 0.19% of the company’s stock.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.