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

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s stock price passed 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 changing hands.

Analyst Upgrades and Downgrades

CHE.UN has been the subject of several recent analyst reports. CIBC cut their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a report on Tuesday, December 10th. Desjardins lifted their target price on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. BMO Capital Markets increased their price target on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Finally, Raymond James raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th.

Chemtrade Logistics Income Fund Stock Performance

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 50 day simple moving average of C$11.21 and a 200-day simple moving average of C$10.35. The firm has a market cap of C$1.27 billion, a PE ratio of 9.86 and a beta of 1.50.

About Chemtrade Logistics Income Fund

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.