Mainstreet Equity (TSE:MEQ) Shares Pass Above Two Hundred Day Moving Average of $135.69

Mainstreet Equity Corp. (TSE:MEQ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$135.69 and traded as high as C$141.01. Mainstreet Equity shares last traded at C$141.00, with a volume of 2,126 shares.

Analyst Upgrades and Downgrades

Separately, ATB Capital boosted their price target on shares of Mainstreet Equity from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th.

Mainstreet Equity Stock Performance

The company has a debt-to-equity ratio of 120.25, a current ratio of 0.31 and a quick ratio of 0.81. The firm has a market capitalization of C$1.31 billion, a P/E ratio of 10.42 and a beta of 1.51. The stock’s 50 day moving average is C$136.38 and its two-hundred day moving average is C$135.69.

Mainstreet Equity Company Profile

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of multi-family residential properties in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg. As of September 30, 2022, it had a total portfolio of 15,891 residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and four freestanding commercial buildings.