Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Passes Above 200-Day Moving Average – What’s Next?

Chemtrade Logistics Income Fund (TSE:CHE.UN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.29 and traded as high as C$11.15. Chemtrade Logistics Income Fund shares last traded at C$11.15, with a volume of 105,787 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on CHE.UN. Desjardins upped their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, May 22nd. CIBC upped 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 report on Thursday, May 22nd. Raymond James Financial raised 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 note on Thursday, May 22nd. Finally, National Bankshares boosted 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 report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.33.

Chemtrade Logistics Income Fund Price Performance

The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The stock has a 50 day simple moving average of C$10.30 and a two-hundred day simple moving average of C$10.29. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of 10.14 and a beta of 1.50.

Insider Buying and Selling at Chemtrade Logistics Income Fund

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

About Chemtrade Logistics Income Fund

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.