Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Cross Above 200 Day Moving Average - Should You Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.34 and traded as high as C$11.06. Chemtrade Logistics Income Fund shares last traded at C$10.82, with a volume of 255,778 shares traded.

Analysts Set New Price Targets

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

Chemtrade Logistics Income Fund Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The business's fifty day moving average is C$11.22 and its 200 day moving average is C$10.34. The company has a market cap of C$1.27 billion, a P/E ratio of 9.86 and a beta of 1.50.

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.