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Morguard (TSE:MRC) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Morguard logo with Real Estate background

Shares of Morguard Co. (TSE:MRC - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$117.17 and traded as low as C$111.81. Morguard shares last traded at C$111.81, with a volume of 1,070 shares.

Morguard Price Performance

The firm's fifty day moving average is C$115.87 and its 200-day moving average is C$116.84. The company has a market capitalization of C$1.20 billion, a P/E ratio of 6.12 and a beta of 1.18. The company has a debt-to-equity ratio of 129.63, a quick ratio of 0.13 and a current ratio of 0.24.

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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