Morguard (TSE:MRC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Morguard Co. (TSE:MRC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$116.69 and traded as low as C$111.55. Morguard shares last traded at C$111.76, with a volume of 1,429 shares traded.

Morguard Trading Down 0.2 %

The company has a debt-to-equity ratio of 129.63, a current ratio of 0.24 and a quick ratio of 0.13. The stock has a market capitalization of C$1.20 billion, a PE ratio of 6.09 and a beta of 1.18. The stock’s 50 day simple moving average is C$115.93 and its two-hundred day simple moving average is C$116.69.

Morguard Company Profile

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.