Westshore Terminals Investment (TSE:WTE) Stock Price Passes Above Two Hundred Day Moving Average of $25.97

Westshore Terminals Investment Co. (TSE:WTE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.97 and traded as high as C$26.62. Westshore Terminals Investment shares last traded at C$26.38, with a volume of 48,870 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WTE. Scotiabank increased their price objective on shares of Westshore Terminals Investment from C$26.00 to C$27.00 in a research note on Monday, March 11th. CIBC lifted their price objective on shares of Westshore Terminals Investment from C$29.00 to C$30.00 and gave the company a “neutral” rating in a research note on Friday, January 12th.

Westshore Terminals Investment Stock Performance

The company has a quick ratio of 2.07, a current ratio of 1.57 and a debt-to-equity ratio of 38.09. The stock has a market cap of C$1.65 billion, a price-to-earnings ratio of 14.18 and a beta of 0.88. The company has a 50 day simple moving average of C$25.63 and a 200 day simple moving average of C$25.97.

Westshore Terminals Investment (TSE:WTE) last issued its earnings results on Friday, March 8th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$88.69 million during the quarter. Westshore Terminals Investment had a return on equity of 16.16% and a net margin of 30.59%. As a group, equities research analysts forecast that Westshore Terminals Investment Co. will post 1.6703439 EPS for the current year.

Westshore Terminals Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.375 per share. This is an increase from Westshore Terminals Investment’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 annualized dividend and a yield of 5.69%. Westshore Terminals Investment’s payout ratio is presently 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.