Madison Pacific Properties (TSE:MPC) Shares Cross Below 50-Day Moving Average – Time to Sell?

Madison Pacific Properties Inc. (TSE:MPCGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.92 and traded as low as C$4.75. Madison Pacific Properties shares last traded at C$4.75, with a volume of 3,500 shares.

Madison Pacific Properties Price Performance

The company has a debt-to-equity ratio of 83.92, a current ratio of 0.23 and a quick ratio of 0.43. The firm has a market cap of C$282.45 million, a price-to-earnings ratio of 9.13 and a beta of 0.03. The stock’s fifty day moving average price is C$4.91 and its 200-day moving average price is C$4.99.

About Madison Pacific Properties

(Get Free Report)

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.

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