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Morguard Real Estate Inv. (TSE:MRT.UN) Shares Cross Above Fifty Day Moving Average - What's Next?

Morguard Real Estate Inv. logo with Real Estate background

Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.52 and traded as high as C$5.56. Morguard Real Estate Inv. shares last traded at C$5.54, with a volume of 11,409 shares traded.

Morguard Real Estate Inv. Price Performance

The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. The firm has a market capitalization of C$356.75 million, a P/E ratio of -3.34 and a beta of 1.40. The business has a fifty day moving average of C$5.52 and a 200-day moving average of C$5.48.

Insider Buying and Selling

In other Morguard Real Estate Inv. news, insider Morguard Corporation bought 24,400 shares of the business's stock in a transaction that occurred on Friday, October 11th. The stock was acquired at an average cost of C$5.58 per share, with a total value of C$136,132.48. Insiders have bought a total of 245,900 shares of company stock valued at $1,368,716 over the last quarter. Corporate insiders own 91.79% of the company's stock.

Morguard Real Estate Inv. Company Profile

(Get Free Report)

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.

Further Reading

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