Shares of Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$192.82 and traded as high as C$203.85. Mainstreet Equity shares last traded at C$202.01, with a volume of 512 shares.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets cut shares of Mainstreet Equity from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 5th.
Check Out Our Latest Research Report on Mainstreet Equity
Mainstreet Equity Stock Performance
The firm has a fifty day moving average of C$204.27 and a 200-day moving average of C$193.06. The company has a quick ratio of 0.81, a current ratio of 0.40 and a debt-to-equity ratio of 117.76. The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 14.95 and a beta of 1.63.
Mainstreet Equity Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were paid a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend was Thursday, October 17th. Mainstreet Equity's dividend payout ratio (DPR) is presently 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.
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