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TerraVest Industries (TSE:TVK) Stock Price Down 15.1% - Here's What Happened

TerraVest Industries logo with Energy background

TerraVest Industries Inc. (TSE:TVK - Get Free Report) traded down 15.1% during trading on Wednesday . The stock traded as low as C$114.43 and last traded at C$114.57. 107,640 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 78,283 shares. The stock had previously closed at C$134.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. National Bankshares dropped their target price on shares of TerraVest Industries from C$128.00 to C$126.00 and set a "sector perform" rating for the company in a report on Thursday. National Bank Financial cut shares of TerraVest Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Finally, Scotiabank set a C$125.00 target price on shares of TerraVest Industries and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, TerraVest Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of C$109.25.

Check Out Our Latest Stock Analysis on TerraVest Industries

TerraVest Industries Price Performance

The company has a market capitalization of C$2.34 billion, a PE ratio of 35.18 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company's 50 day simple moving average is C$122.15 and its 200 day simple moving average is C$107.78.

TerraVest Industries Company Profile

(Get Free Report)

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.

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