Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Down - Should You Sell?

Key Points

• Boardwalk Real Estate Investment Trust shares experienced a significant gap down, opening at $48.04 after closing at $52.17 before the market opened.
• The company reported earnings of $0.84 per share with a net margin of 52.90% and revenue of $113.69 million for the latest quarter.
• Boardwalk REIT has a market capitalization of $2.36 billion and a debt-to-equity ratio of 0.52, indicating a relatively stable financial position.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $52.17, but opened at $48.04. Boardwalk Real Estate Investment Trust shares last traded at $48.04, with a volume of 320 shares trading hands.

Boardwalk Real Estate Investment Trust Stock Performance

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 firm's 50-day moving average price is $51.34 and its two-hundred day moving average price is $47.43. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 14.01 and a beta of 1.14.

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

About Boardwalk Real Estate Investment Trust

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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