Westshore Terminals Investment (TSE:WTE) Stock Passes Above Two Hundred Day Moving Average of $25.88

Westshore Terminals Investment Co. (TSE:WTE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.88 and traded as high as C$26.03. Westshore Terminals Investment shares last traded at C$25.80, with a volume of 92,879 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WTE shares. Scotiabank raised their price target on Westshore Terminals Investment from C$26.00 to C$27.00 in a research report on Monday, March 11th. CIBC raised their price target on Westshore Terminals Investment from C$29.00 to C$30.00 and gave the company a “neutral” rating in a research report on Friday, January 12th.

Westshore Terminals Investment Stock Performance

The stock has a market cap of C$1.61 billion, a PE ratio of 13.87 and a beta of 0.88. The company has a fifty day moving average price of C$25.56 and a 200 day moving average price of C$25.88. The company has a quick ratio of 2.07, a current ratio of 1.57 and a debt-to-equity ratio of 38.09.

Westshore Terminals Investment (TSE:WTE) last released its quarterly earnings data on Friday, March 8th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$88.69 million for the quarter. Westshore Terminals Investment had a return on equity of 16.16% and a net margin of 30.59%. Analysts expect that Westshore Terminals Investment Co. will post 1.6703439 earnings per share for the current year.

Westshore Terminals Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 annualized dividend and a dividend yield of 5.81%. This is an increase from Westshore Terminals Investment’s previous quarterly dividend of $0.35. Westshore Terminals Investment’s payout ratio is currently 80.65%.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.