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Morguard (TSE:MRC) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Morguard logo with Real Estate background

Shares of Morguard Co. (TSE:MRC - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$116.49 and traded as low as C$111.00. Morguard shares last traded at C$113.00, with a volume of 3,787 shares changing hands.

Morguard Trading Up 4.3 %

The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of 6.60 and a beta of 1.18. The company has a debt-to-equity ratio of 129.63, a current ratio of 0.24 and a quick ratio of 0.13. The firm's fifty day moving average is C$112.43 and its 200-day moving average is C$116.65.

About Morguard

(Get Free Report)

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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