TerraVest Industries (TSE:TVK) Sets New 52-Week High – Here’s What Happened

Posted by Teresa Graham on Dec 11th, 2024

TerraVest Industries Inc. (TSE:TVK – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company 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.

Analyst Ratings Changes

TVK has been the topic of several analyst reports. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. 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.

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TerraVest Industries Price Performance

The business has a fifty day moving average of C$109.02 and a 200 day moving average of C$91.71. 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 stock has a market cap of C$2.46 billion, a PE ratio of 36.42 and a beta of 0.66.

Insider Transactions at TerraVest Industries

In related news, Director Dustin Haw sold 20,000 shares of the firm’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 business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of C$102.56, for a total transaction of C$7,076,640.00. Over the last quarter, insiders sold 113,700 shares of company stock valued at $11,556,134. 29.81% of the stock is currently owned by corporate insiders.

About TerraVest Industries

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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.