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

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

Analyst Ratings Changes

Several research analysts have weighed in on TVK shares. National Bankshares dropped their price target on TerraVest Industries from C$128.00 to C$126.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Scotiabank upped their price target on TerraVest Industries from C$125.00 to C$126.00 in a research note on Tuesday. Finally, National Bank Financial downgraded TerraVest Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, TerraVest Industries has a consensus rating of "Moderate Buy" and a consensus price target of C$109.50.

TerraVest Industries Stock Up 0.8 %

The firm has a market capitalization of C$2.36 billion, a PE ratio of 35.47 and a beta of 0.66. The company has a fifty day moving average price of C$122.09 and a 200-day moving average price of C$108.50. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44.

About TerraVest Industries

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.