Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Cross Above 200-Day Moving Average – Should You Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.38 and traded as high as C$15.66. Chemtrade Logistics Income Fund shares last traded at C$15.58, with a volume of 288,115 shares changing hands.

Wall Street Analyst Weigh In

CHE.UN has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, January 9th. National Bank Financial raised their target price on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Chemtrade Logistics Income Fund currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.21.

Chemtrade Logistics Income Fund Price Performance

The stock has a fifty day moving average of C$15.50 and a two-hundred day moving average of C$14.38. The stock has a market cap of C$1.80 billion, a price-to-earnings ratio of 16.23 and a beta of 0.80. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.