Westshore Terminals Investment (TSE:WTE) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Westshore Terminals Investment Co. (TSE:WTE) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.37 and traded as low as C$22.23. Westshore Terminals Investment shares last traded at C$22.39, with a volume of 75,514 shares traded.

Westshore Terminals Investment Price Performance

The firm has a market capitalization of C$1.38 billion, a P/E ratio of 13.33 and a beta of 0.86. The business’s 50-day simple moving average is C$23.60 and its 200 day simple moving average is C$23.37. The company has a quick ratio of 2.07, a current ratio of 1.13 and a debt-to-equity ratio of 62.89.

Westshore Terminals Investment (TSE:WTE) last released its earnings results on Tuesday, November 5th. The company reported C$0.55 EPS for the quarter. The company had revenue of C$103.50 million for the quarter. Westshore Terminals Investment had a net margin of 27.78% and a return on equity of 14.82%. Sell-side analysts forecast that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current year.

Westshore Terminals Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 6.70%. Westshore Terminals Investment’s dividend payout ratio is currently 89.29%.

About Westshore Terminals Investment

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.