Morguard (TSE:MRC) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Morguard Co. (TSE:MRC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$116.24 and traded as low as C$114.06. Morguard shares last traded at C$114.06, with a volume of 1,603 shares traded.

Morguard Stock Down 0.7%

The business’s fifty day moving average is C$116.60 and its two-hundred day moving average is C$116.24. The stock has a market cap of C$1.22 billion, a price-to-earnings ratio of 5.39 and a beta of 0.33. The company has a quick ratio of 0.13, a current ratio of 0.24 and a debt-to-equity ratio of 129.63.

Morguard (TSE:MRC) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C$2.33 EPS for the quarter. Morguard had a net margin of 17.41% and a return on equity of 4.90%. The company had revenue of C$278.02 million during the quarter. Equities analysts forecast that Morguard Co. will post 26.1506276 earnings per share for the current fiscal year.

About Morguard

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. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.