Morguard (TSE:MRC) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Morguard Co. (TSE:MRC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$115.81 and traded as low as C$114.50. Morguard shares last traded at C$114.50, with a volume of 943 shares trading hands.

Morguard Price Performance

The company has a 50-day moving average of C$115.28 and a 200-day moving average of C$115.81. The company has a debt-to-equity ratio of 129.63, a quick ratio of 0.13 and a current ratio of 0.24. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 5.41 and a beta of 0.35.

Morguard (TSE:MRC) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$3.54 earnings per share for the quarter. Morguard had a net margin of 17.41% and a return on equity of 4.90%. The firm had revenue of C$273.60 million for the quarter. As a group, research analysts anticipate that Morguard Co. will post 26.1506276 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sime Armoyan bought 1,900 shares of the stock in a transaction on Friday, October 3rd. The stock was purchased at an average price of C$115.10 per share, for a total transaction of C$218,690.00. Following the acquisition, the insider owned 1,348,223 shares in the company, valued at approximately C$155,180,467.30. This trade represents a 0.14% increase in their ownership of the stock. Insiders own 72.99% of the company’s stock.

Morguard Company Profile

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management.