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

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.52 and traded as high as C$10.65. Chemtrade Logistics Income Fund shares last traded at C$10.54, with a volume of 292,313 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Desjardins boosted their target price on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Raymond James upped their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday, November 18th. CIBC reduced their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a report on Tuesday, December 10th. Finally, BMO Capital Markets upped their price objective on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th.

Check Out Our Latest Analysis on Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund Stock Performance

The stock has a fifty day simple moving average of C$10.98 and a 200-day simple moving average of C$10.52. The stock has a market cap of C$1.23 billion, a P/E ratio of 9.58 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.

About Chemtrade Logistics Income Fund

(Get Free Report)

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.

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