Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Crosses Below 200-Day Moving Average of $7.22

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.22 and traded as low as C$7.07. Artis Real Estate Investment Trust Unit shares last traded at C$7.12, with a volume of 421,532 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reduced their target price on Artis Real Estate Investment Trust Unit from C$7.75 to C$7.25 in a research note on Tuesday, July 18th.

Artis Real Estate Investment Trust Unit Stock Performance

The business has a 50-day moving average of C$7.02 and a two-hundred day moving average of C$7.22. The company has a market cap of C$778.71 million, a P/E ratio of -2.43 and a beta of 1.11. The company has a debt-to-equity ratio of 94.30, a current ratio of 0.29 and a quick ratio of 0.07.

About Artis Real Estate Investment Trust Unit

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.