Madison Pacific Properties (TSE:MPC) Trading Up 3.2% – What’s Next?

Madison Pacific Properties Inc. (TSE:MPC)’s share price rose 3.2% on Thursday . The stock traded as high as C$4.90 and last traded at C$4.90. Approximately 1 shares were traded during trading, a decline of 100% from the average daily volume of 1,863 shares. The stock had previously closed at C$4.75.

Madison Pacific Properties Price Performance

The stock has a market cap of C$291.37 million, a P/E ratio of 11.14 and a beta of 0.35. The firm has a 50-day moving average price of C$5.01 and a 200-day moving average price of C$5.20. The company has a debt-to-equity ratio of 83.43, a quick ratio of 0.43 and a current ratio of 0.18.

About Madison Pacific Properties

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.