Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Shares Up 0.3% – Time to Buy?

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF)’s stock price traded up 0.3% during trading on Tuesday. The company traded as high as $10.25 and last traded at $10.25. Approximately 15,084 shares changed hands during trading, a decline of 24% from the average session volume of 19,957 shares. The stock had previously closed at $10.2180.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Chemtrade Logistics Income Fund in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Chemtrade Logistics Income Fund Trading Up 3.1%

The business’s fifty day simple moving average is $10.78 and its 200-day simple moving average is $11.44.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund is a Canadian provider of industrial chemicals and related services. The company manufactures, processes and distributes chemicals used in water treatment, pulp and paper production, chemical manufacturing, agriculture, food processing and other industrial applications.

Its product portfolio includes sulfuric acid, sodium chlorate, chlorine, caustic soda, hydrochloric acid, sodium bisulfite and other water-treatment and specialty chemicals. Chemtrade also provides sulfur dioxide, sulfur-based products and certain electrochemical products, as well as logistics, storage and handling services associated with chemical distribution.

Established in 2001, Chemtrade serves customers primarily across Canada and the United States through a network of manufacturing facilities, terminals and distribution operations.