Melcor Real Estate Investment Trust (TSE:MR.UN) Stock Passes Below 200 Day Moving Average of $6.75

Melcor Real Estate Investment Trust (TSE:MR.UNGet Rating) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.75 and traded as low as C$6.00. Melcor Real Estate Investment Trust shares last traded at C$6.00, with a volume of 2,971 shares.

Analyst Upgrades and Downgrades

Separately, CIBC reduced their target price on Melcor Real Estate Investment Trust from C$7.25 to C$6.75 in a report on Thursday, July 28th.

Melcor Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 308.05, a quick ratio of 0.07 and a current ratio of 0.10. The stock’s 50-day moving average is C$6.27 and its 200 day moving average is C$6.75. The firm has a market cap of C$77.78 million and a P/E ratio of 5.08.

Melcor Real Estate Investment Trust Company Profile

(Get Rating)

Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

Read More

Receive News & Ratings for Melcor Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melcor Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.