Timbercreek Financial (OTCMKTS:TBCRF) Stock Price Down 13.7% – Here’s Why

Timbercreek Financial Corp. (OTCMKTS:TBCRF)’s stock price dropped 13.7% during trading on Tuesday. The stock traded as low as $3.28 and last traded at $3.28. 7,100 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 18,193 shares. The stock had previously closed at $3.7990.

Analyst Upgrades and Downgrades

Separately, TD Securities reiterated a “hold” rating on shares of Timbercreek Financial in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Timbercreek Financial has a consensus rating of “Hold”.

Timbercreek Financial Price Performance

The stock has a 50 day moving average price of $3.88 and a 200 day moving average price of $4.55.

About Timbercreek Financial

Timbercreek Financial Corp. is a Canadian commercial real estate lender that provides short-term, structured financing to property owners and operators. Its lending activities focus on borrowers who may need flexible financing beyond what traditional banks offer. The company provides mortgage-based loans and other financing solutions secured by commercial real estate. Its lending has covered a range of property types and markets across Canada. Timbercreek Financial was established in 2016 and is managed by Timbercreek Asset Management, a real estate-focused alternative asset manager.