Bridgemarq Real Estate Services (TSE:BRE) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Bridgemarq Real Estate Services Inc. (TSE:BRE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.70 and traded as high as C$13.70. Bridgemarq Real Estate Services shares last traded at C$13.55, with a volume of 3,689 shares trading hands.

Bridgemarq Real Estate Services Price Performance

The company has a debt-to-equity ratio of -202.21, a current ratio of 0.16 and a quick ratio of 3.06. The firm has a fifty day moving average of C$13.99 and a two-hundred day moving average of C$13.70. The stock has a market capitalization of C$128.51 million, a P/E ratio of 30.80 and a beta of 0.89.

Bridgemarq Real Estate Services (TSE:BRE) last released its quarterly earnings data on Friday, March 13th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$98.49 million during the quarter. Bridgemarq Real Estate Services had a negative return on equity of 8.54% and a net margin of 1.78%.

Bridgemarq Real Estate Services Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Tuesday, March 31st. Bridgemarq Real Estate Services’s payout ratio is presently 306.82%.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.