Artis Real Estate Investment Trust Unit (TSE:AX.UN) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Artis Real Estate Investment Trust Unit shares fell below their 200-day moving average of C$7.40, trading as low as C$7.28.
• The stock has a market cap of C$710.02 million and a price-to-earnings ratio of -11.47, indicating potential concerns about profitability.
• Artis REIT holds a diversified portfolio across Central and Western Canada and select U.S. markets, including states like Arizona and New York.

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.40 and traded as low as C$7.28. Artis Real Estate Investment Trust Unit shares last traded at C$7.34, with a volume of 240,500 shares changing hands.

Artis Real Estate Investment Trust Unit Trading Down 0.3%

The company's fifty day simple moving average is C$7.42 and its two-hundred day simple moving average is C$7.40. The company has a quick ratio of 0.07, a current ratio of 0.78 and a debt-to-equity ratio of 104.62. The company has a market capitalization of C$731.30 million, a price-to-earnings ratio of -11.81 and a beta of 0.77.

About Artis Real Estate Investment Trust Unit

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin.