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

Shares of TerraVest Industries Inc. (TSE:TVK) dropped 15.1% during trading on Wednesday . The stock traded as low as C$114.43 and last traded at C$114.57. Approximately 107,640 shares traded 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 Upgrades and Downgrades

Several brokerages have weighed in on TVK. National Bankshares lifted their price objective on shares of TerraVest Industries from C$104.00 to C$128.00 in a research note on Tuesday, November 26th. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Scotiabank set a C$125.00 price target on TerraVest Industries and gave the company an “outperform” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$109.75.

TerraVest Industries Price Performance

The company has a debt-to-equity ratio of 71.72, a current ratio of 2.32 and a quick ratio of 0.91. The firm has a market cap of C$2.36 billion, a P/E ratio of 35.05 and a beta of 0.66. The company’s 50-day moving average is C$122.10 and its two-hundred day moving average is C$107.14.

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.