Morguard Real Estate Inv. (TSE:MRT.UN) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$6.49 and traded as high as C$6.68. Morguard Real Estate Inv. shares last traded at C$6.59, with a volume of 4,429 shares.

Morguard Real Estate Inv. Stock Down 1.3%

The business has a fifty day moving average of C$6.49 and a 200 day moving average of C$6.25. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The firm has a market cap of C$437.79 million, a P/E ratio of -26.36 and a beta of -0.02.

Morguard Real Estate Inv. (TSE:MRT.UN) last issued its earnings results on Wednesday, February 11th. The company reported C($0.12) earnings per share (EPS) for the quarter. The company had revenue of C$63.00 million for the quarter. Morguard Real Estate Inv. had a negative return on equity of 10.91% and a negative net margin of 41.19%. On average, equities research analysts predict that Morguard Real Estate Inv. will post 0.780083 EPS for the current year.

About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.