Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Share Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Boardwalk Real Estate Investment Trust shares fell below their fifty-day moving average, trading at $49.67 compared to the average of $51.10.
• The company reported $0.84 EPS and $113.69 million in revenue for the last quarter, with a net margin of 52.90%.
• Boardwalk REIT operates over 34,000 residential suites across more than 200 communities in Canada.

Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $51.10 and traded as low as $49.67. Boardwalk Real Estate Investment Trust shares last traded at $49.67, with a volume of 6,923 shares.

Boardwalk Real Estate Investment Trust Price Performance

The company has a market capitalization of $2.44 billion, a PE ratio of 14.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a 50 day moving average price of $51.10 and a two-hundred day moving average price of $49.35.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.84 EPS for the quarter. The business had revenue of $113.69 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 6.79% and a net margin of 52.90%.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.

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