Mainstreet Equity (TSE:MEQ) Shares Cross Above 200 Day Moving Average of $177.81

Shares of Mainstreet Equity Corp. (TSE:MEQ) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$177.81 and traded as high as C$194.93. Mainstreet Equity shares last traded at C$194.55, with a volume of 1,150 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on MEQ. ATB Capital lifted their price objective on Mainstreet Equity from C$200.00 to C$215.00 in a research report on Wednesday, July 24th. Acumen Capital raised their target price on Mainstreet Equity from C$210.00 to C$220.00 in a research note on Wednesday, July 24th.

Mainstreet Equity Stock Up 1.8 %

The firm’s fifty day simple moving average is C$180.40 and its two-hundred day simple moving average is C$177.81. The company has a current ratio of 0.40, a quick ratio of 0.81 and a debt-to-equity ratio of 117.76. The company has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 14.39 and a beta of 1.65.

Mainstreet Equity (TSE:MEQ) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C($1.70) EPS for the quarter, missing analysts’ consensus estimates of C$2.42 by C($4.12). The business had revenue of C$63.32 million during the quarter, compared to analyst estimates of C$62.35 million. Mainstreet Equity had a net margin of 52.74% and a return on equity of 9.38%. Sell-side analysts anticipate that Mainstreet Equity Corp. will post 8.3069349 EPS for the current year.

Mainstreet Equity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date of this dividend was Wednesday, July 17th. Mainstreet Equity’s dividend payout ratio is presently 0.81%.

About Mainstreet Equity

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.