Madison Pacific Properties (TSE:MPC) Sets New 52-Week High – Here’s Why

Shares of Madison Pacific Properties Inc. (TSE:MPCGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$5.10 and last traded at C$4.76, with a volume of 101 shares. The stock had previously closed at C$4.76.

Madison Pacific Properties Price Performance

The firm has a fifty day simple moving average of C$4.89 and a 200-day simple moving average of C$4.98. The company has a market capitalization of C$283.04 million, a P/E ratio of 11.90 and a beta of 0.03. The company has a quick ratio of 0.43, a current ratio of 0.24 and a debt-to-equity ratio of 84.54.

About Madison Pacific Properties

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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.

Further Reading

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