Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.52 and traded as high as C$16.83. Chemtrade Logistics Income Fund shares last traded at C$16.54, with a volume of 171,157 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price target for the company in a research note on Thursday, April 23rd. Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. National Bank Financial raised their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Scotia raised their price target on shares of Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada raised their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.25.

Chemtrade Logistics Income Fund Stock Down 0.4%

The business’s 50 day moving average price is C$16.52 and its 200-day moving average price is C$15.54. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The company has a market cap of C$1.84 billion, a P/E ratio of 16.00 and a beta of 0.65.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a $0.06 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. Chemtrade Logistics Income Fund’s payout ratio is 67.72%.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.