Morguard Real Estate Inv. (TSE:MRT.UN) Stock Crosses Above 50 Day Moving Average – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UNGet Free Report)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.52 and traded as high as C$5.56. Morguard Real Estate Inv. shares last traded at C$5.54, with a volume of 11,409 shares traded.

Morguard Real Estate Inv. Stock Up 1.1 %

The stock has a market capitalization of C$356.11 million, a P/E ratio of -3.34 and a beta of 1.40. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The firm’s fifty day moving average is C$5.52 and its 200-day moving average is C$5.48.

Insider Activity

In related news, insider Morguard Corporation purchased 39,400 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average price of C$5.74 per share, for a total transaction of C$226,297.84. Over the last 90 days, insiders bought 245,900 shares of company stock worth $1,368,716. Insiders own 91.79% of the company’s stock.

About Morguard Real Estate Inv.

(Get Free Report)

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.

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