Urbana (TSE:URB) Shares Down 1% – Here’s Why

Urbana Co. (TSE:URBGet Free Report) shares dropped 1% during mid-day trading on Tuesday . The stock traded as low as C$8.90 and last traded at C$9.01. Approximately 2,175 shares were traded during trading, a decline of 31% from the average daily volume of 3,171 shares. The stock had previously closed at C$9.10.

Urbana Trading Down 1.0%

The company has a 50 day moving average of C$9.43 and a 200-day moving average of C$9.41. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.02 and a current ratio of 0.04. The stock has a market cap of C$372.97 million, a price-to-earnings ratio of 3.82 and a beta of -0.04.

Urbana (TSE:URBGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.53 earnings per share (EPS) for the quarter. Urbana had a return on equity of 18.77% and a net margin of 162.33%.

About Urbana

(Get Free Report)

The Corporations objectives are to seek out and invest in private investment opportunities for capital appreciation and to invest in publicly traded securities to provide growth, income and liquidity. For the foreseeable future, the strategy of Urbana is to continue to search for and acquire investments for income and capital appreciation within the financial services industry.

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