Morguard (TSE:MRC) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Morguard Co. (TSE:MRC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$115.72 and traded as low as C$115.00. Morguard shares last traded at C$115.00, with a volume of 315 shares changing hands.

Morguard Stock Performance

The firm has a fifty day moving average of C$115.31 and a 200-day moving average of C$115.74. The company has a quick ratio of 0.13, a current ratio of 0.24 and a debt-to-equity ratio of 129.63. The firm has a market cap of C$1.23 billion, a P/E ratio of 5.44 and a beta of 0.36.

Morguard (TSE:MRC) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported C$3.54 earnings per share for the quarter. The firm had revenue of C$273.60 million during the quarter. Morguard had a return on equity of 4.90% and a net margin of 17.41%. Research analysts predict that Morguard Co. will post 26.1506276 earnings per share for the current fiscal year.

Insider Transactions at Morguard

In other Morguard news, insider Sime Armoyan acquired 1,900 shares of Morguard stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of C$115.10 per share, with a total value of C$218,690.00. Following the completion of the purchase, the insider owned 1,348,223 shares in the company, valued at C$155,180,467.30. The trade was a 0.14% increase in their ownership of the stock. Insiders own 72.99% of the company’s stock.

Morguard Company Profile

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management.