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Slate Office REIT (TSE:SOT.UN) Stock Passes Above 50-Day Moving Average - Here's Why

Slate Office REIT logo with Real Estate background

Slate Office REIT (TSE:SOT.UN - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.51 and traded as high as C$0.65. Slate Office REIT shares last traded at C$0.64, with a volume of 42,130 shares.

Slate Office REIT Trading Up 6.7 %

The company has a debt-to-equity ratio of 329.26, a quick ratio of 0.14 and a current ratio of 0.47. The firm has a market cap of C$51.44 million, a P/E ratio of -0.20 and a beta of 1.35. The stock has a fifty day simple moving average of C$0.51 and a 200 day simple moving average of C$0.48.

Slate Office REIT Company Profile

(Get Free Report)

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.

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