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Morguard (TSE:MRC) Hits New 1-Year Low - Here's Why

Morguard logo with Real Estate background

Morguard Co. (TSE:MRC - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$108.35 and last traded at C$109.79, with a volume of 2452 shares trading hands. The stock had previously closed at C$110.53.

Morguard Stock Up 1.5 %

The firm has a market capitalization of C$1.22 billion, a PE ratio of 5.97 and a beta of 1.18. The business's fifty day moving average price is C$114.79 and its 200 day moving average price is C$116.49. The company has a quick ratio of 0.13, a current ratio of 0.29 and a debt-to-equity ratio of 127.16.

Morguard (TSE:MRC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported C$0.05 EPS for the quarter. Morguard had a return on equity of 3.72% and a net margin of 17.07%. On average, equities research analysts forecast that Morguard Co. will post 26.1506276 earnings per share for the current fiscal year.

About Morguard

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Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.

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