TerraVest Industries (TSE:TVK) Reaches New 1-Year High – Here’s Why

TerraVest Industries Inc. (TSE:TVK) hit a new 52-week high on Wednesday . The stock traded as high as C$126.00 and last traded at C$126.00, with a volume of 25700 shares traded. The stock had previously closed at C$123.02.

Wall Street Analysts Forecast Growth

TVK has been the topic of several analyst reports. National Bankshares raised their price target 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 TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

TerraVest Industries Stock Down 7.8 %

The company has a quick ratio of 0.91, a current ratio of 2.32 and a debt-to-equity ratio of 71.72. The business’s 50 day simple moving average is C$110.14 and its 200 day simple moving average is C$92.40. The company has a market capitalization of C$2.25 billion, a PE ratio of 36.33 and a beta of 0.66.

Insider Activity at TerraVest Industries

In other news, Director Dustin Haw sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total transaction of C$2,000,000.00. Also, insider Charles Pellerin sold 69,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of C$102.56, for a total value of C$7,076,640.00. Insiders have sold a total of 113,700 shares of company stock valued at $11,556,134 over the last quarter. 29.81% of the stock is owned by company insiders.

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.