Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

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$10.28 and traded as high as C$10.89. Chemtrade Logistics Income Fund shares last traded at C$10.84, with a volume of 69,371 shares changing hands.

Analyst Upgrades and Downgrades

CHE.UN has been the subject of a number of research analyst reports. Raymond James upped their price objective on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th. CIBC dropped their price target on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research report on Tuesday, November 19th. Finally, Desjardins upped their target price 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.

Chemtrade Logistics Income Fund Trading Down 0.2 %

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 company has a market cap of C$1.26 billion, a price-to-earnings ratio of 9.85 and a beta of 1.50. The business’s fifty day moving average price is C$11.24 and its 200 day moving average price is C$10.28.

Chemtrade Logistics Income Fund Company Profile

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.