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

TerraVest Industries Inc. (TSE:TVK) shares fell 15.1% on Wednesday . The company traded as low as C$114.43 and last traded at C$114.57. 107,640 shares changed hands during trading, an increase of 38% from the average session volume of 78,283 shares. The stock had previously closed at C$134.94.

Analyst Ratings Changes

TVK has been the subject of several analyst reports. Scotiabank set a C$125.00 price target on shares of TerraVest Industries and gave the company an “outperform” rating in a research note on Tuesday, January 14th. National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, National Bankshares raised their price objective on TerraVest Industries from C$104.00 to C$128.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$109.75.

TerraVest Industries Stock Performance

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

TerraVest Industries Company Profile

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.