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

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.45 and traded as high as C$11.09. Chemtrade Logistics Income Fund shares last traded at C$11.00, with a volume of 174,164 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHE.UN. National Bankshares upped their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Desjardins increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a "buy" rating in a report on Thursday. Scotiabank increased their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. CIBC increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, BMO Capital Markets increased their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Chemtrade Logistics Income Fund currently has an average rating of "Moderate Buy" and an average price target of C$12.83.

Chemtrade Logistics Income Fund Trading Up 1.6 %

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 stock's fifty day moving average is C$10.31 and its 200 day moving average is C$9.47. The stock has a market cap of C$1.30 billion, a P/E ratio of 10.16 and a beta of 1.50.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, July 31st. Chemtrade Logistics Income Fund's payout ratio is 60.00%.

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.