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Genesis Land Development (TSE:GDC) Reaches New 52-Week High - Time to Buy?

Genesis Land Development logo with Real Estate background

Genesis Land Development Corp. (TSE:GDC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$4.25 and last traded at C$4.25, with a volume of 105095 shares. The stock had previously closed at C$4.15.

Genesis Land Development Stock Up 1.2 %

The company has a quick ratio of 0.80, a current ratio of 8.72 and a debt-to-equity ratio of 53.71. The company has a market cap of C$238.52 million, a P/E ratio of 9.33 and a beta of 1.06. The business's 50 day moving average is C$3.93 and its 200 day moving average is C$3.54.

Genesis Land Development (TSE:GDC - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.14 EPS for the quarter. Genesis Land Development had a return on equity of 10.16% and a net margin of 9.14%. The firm had revenue of C$94.98 million during the quarter.

About Genesis Land Development

(Get Free Report)

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments: Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders; and sells lots and completed homes.

Further Reading

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