True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

True North Commercial REIT (TSE:TNT.UN - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$8.95 and traded as high as C$9.00. True North Commercial REIT shares last traded at C$9.00, with a volume of 38,453 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$11.05.

True North Commercial REIT Stock Performance

The firm has a fifty day simple moving average of C$8.95 and a 200-day simple moving average of C$10.75. The stock has a market cap of C$155.16 million, a price-to-earnings ratio of -3.31 and a beta of 1.57. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.