Mainstreet Equity (TSE:MEQ) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Mainstreet Equity Corp. (TSE:MEQ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$191.33 and traded as high as C$198.00. Mainstreet Equity shares last traded at C$195.98, with a volume of 1,876 shares.

Analyst Upgrades and Downgrades

MEQ has been the topic of several recent research reports. ATB Capital raised Mainstreet Equity from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$225.00 to C$235.00 in a report on Monday, August 11th. Atb Cap Markets upgraded Mainstreet Equity from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, Mainstreet Equity currently has an average rating of “Strong Buy” and an average target price of C$235.00.

Mainstreet Equity Trading Down 0.8%

The company has a current ratio of 0.51, a quick ratio of 0.81 and a debt-to-equity ratio of 109.80. The stock has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 7.11 and a beta of 0.97. The firm has a 50-day moving average of C$191.40 and a 200 day moving average of C$191.33.

Mainstreet Equity Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th were given a dividend of $0.04 per share. This is a boost from Mainstreet Equity’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.1%. Mainstreet Equity’s dividend payout ratio (DPR) is 0.49%.

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.