Mainstreet Equity (TSE:MEQ) Reaches New 1-Year Low – Should You Sell?

Mainstreet Equity Corp. (TSE:MEQ)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$172.70 and last traded at C$174.00, with a volume of 3432 shares trading hands. The stock had previously closed at C$174.22.

Analyst Ratings Changes

Several analysts have recently commented on MEQ shares. ATB Cormark Capital Markets raised their target price on Mainstreet Equity from C$240.00 to C$245.00 and gave the company a “moderate buy” rating in a research note on Wednesday, February 11th. Acumen Capital reduced their price objective on Mainstreet Equity from C$250.00 to C$248.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mainstreet Equity currently has an average rating of “Buy” and an average target price of C$246.50.

Mainstreet Equity Trading Up 0.7%

The company has a quick ratio of 0.81, a current ratio of 0.51 and a debt-to-equity ratio of 109.80. The firm has a market cap of C$1.63 billion, a P/E ratio of 5.85 and a beta of 0.50. The firm’s 50-day simple moving average is C$178.49 and its 200 day simple moving average is C$186.07.

Mainstreet Equity (TSE:MEQ) last issued its earnings results on Monday, December 15th. The company reported C$9.95 earnings per share (EPS) for the quarter. The firm had revenue of C$70.45 million for the quarter. Mainstreet Equity had a return on equity of 12.68% and a net margin of 72.44%. As a group, analysts expect that Mainstreet Equity Corp. will post 8.1910619 earnings per share for the current year.

Mainstreet Equity Company Profile

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.