Mainstreet Equity Corp. (TSE:MEQ - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$194.27 and traded as high as C$202.75. Mainstreet Equity shares last traded at C$197.15, with a volume of 9,106 shares.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets cut Mainstreet Equity from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 5th.
View Our Latest Report on Mainstreet Equity
Mainstreet Equity Stock Performance
The company has a current ratio of 0.40, a quick ratio of 0.81 and a debt-to-equity ratio of 117.76. The company has a market cap of C$1.82 billion, a P/E ratio of 14.43 and a beta of 1.63. The business's 50 day simple moving average is C$203.89 and its 200 day simple moving average is C$194.51.
Mainstreet Equity Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were given a dividend of $0.027 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.11 annualized dividend and a dividend yield of 0.06%. Mainstreet Equity's payout ratio is 0.81%.
Mainstreet Equity Company Profile
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Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.
Further Reading
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