TerraVest Industries (TSE:TVK) Trading Down 15.1% – Should You Sell?

TerraVest Industries Inc. (TSE:TVK) shares fell 15.1% during trading on Wednesday . The stock traded as low as C$114.43 and last traded at C$114.57. 107,640 shares were traded during trading, an increase of 38% from the average session volume of 78,283 shares. The stock had previously closed at C$134.94.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TVK. National Bank Financial lowered TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. National Bankshares decreased their price objective on TerraVest Industries from C$128.00 to C$126.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Scotiabank set a C$125.00 target price on TerraVest Industries and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, TerraVest Industries presently has a consensus rating of “Moderate Buy” and an average price target of C$109.25.

TerraVest Industries Price Performance

The company has a market cap of C$2.33 billion, a PE ratio of 35.06 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The stock has a 50 day moving average of C$122.13 and a 200-day moving average of C$107.70.

TerraVest Industries Company Profile

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.