Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) stock crossed above its 50-day moving average of $51.34, reaching a high of $52.25 during trading, indicating positive momentum.
• The company reported a net margin of 52.90% and earnings of $0.84 per share for the last quarter, with a revenue of $113.69 million.
• Boardwalk REIT is a significant player in the Canadian market, operating over 200 communities and managing more than 34,000 residential suites.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $51.34 and traded as high as $52.25. Boardwalk Real Estate Investment Trust shares last traded at $52.17, with a volume of 16,901 shares traded.

Boardwalk Real Estate Investment Trust Stock Up 0.3%

The firm has a market cap of $2.78 billion, a PE ratio of 15.21 and a beta of 1.15. The company has a 50-day simple moving average of $51.34 and a 200-day simple moving average of $47.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.12 and a quick ratio of 0.12.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The firm 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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