Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Pass Above 200 Day Moving Average - Time to Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) passed 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 Analyst Weigh In

CHE.UN has been the topic of several research analyst reports. CIBC decreased their price target on shares of Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a report on Tuesday, December 10th. Raymond James boosted their target price on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th. BMO Capital Markets raised their price target on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Finally, Desjardins lifted their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a "buy" rating in a research report on Thursday, October 17th.

Chemtrade Logistics Income Fund Trading Down 0.8 %

The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The firm has a market capitalization of C$1.27 billion, a PE ratio of 9.91 and a beta of 1.50. The stock's 50-day simple moving average is C$11.27 and its 200-day simple moving average is C$10.22.

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.