Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Crosses Above 200 Day Moving Average of $8.70

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.70 and traded as high as C$9.28. Chemtrade Logistics Income Fund shares last traded at C$9.23, with a volume of 79,466 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. National Bankshares upped their price target on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a research report on Friday, May 17th. Desjardins upped their price target on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Royal Bank of Canada upped their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th.

Chemtrade Logistics Income Fund Price Performance

The firm’s fifty day moving average price is C$9.05 and its 200 day moving average price is C$8.70. The firm has a market capitalization of C$1.08 billion, a PE ratio of 6.37 and a beta of 1.48. The company has a current ratio of 0.42, a quick ratio of 0.48 and a debt-to-equity ratio of 128.22.

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.