Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Passes Above Two Hundred Day Moving Average of $8.67

Shares of 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$8.67 and traded as high as C$9.30. Chemtrade Logistics Income Fund shares last traded at C$9.25, with a volume of 210,975 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHE.UN shares. National Bankshares upped their price objective on Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a report on Friday, May 17th. Royal Bank of Canada upped their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Desjardins lifted their price objective on 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.

Chemtrade Logistics Income Fund Stock Up 1.0 %

The business’s fifty day simple moving average is C$8.96 and its 200 day simple moving average is C$8.68. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 6.33 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.