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

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$10.22 and traded as high as C$11.09. Chemtrade Logistics Income Fund shares last traded at C$10.99, with a volume of 284,307 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Raymond James boosted their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th. Desjardins upped their price target 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. BMO Capital Markets raised their price objective on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research note on Tuesday, November 19th. Finally, CIBC dropped their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research report on Tuesday, December 10th.

Chemtrade Logistics Income Fund Stock Down 0.8 %

The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 9.83 and a beta of 1.50. The firm has a fifty day moving average price of C$11.27 and a 200 day moving average price of C$10.23. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.

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.