Bridgemarq Real Estate Services (TSE:BRE) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Bridgemarq Real Estate Services stock price recently crossed above its 200-day moving average, reaching C$15.15 during trading.
• The company declared a monthly dividend of $0.1125 per share, which represents an annualized yield of 8.9% with an ex-dividend date of July 31st.
• Bridgemarq has a market capitalization of C$144.20 million and reported a debt-to-equity ratio of -127.66, indicating potential financial concerns.

Bridgemarq Real Estate Services Inc. (TSE:BRE - )'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.30 and traded as high as C$15.15. Bridgemarq Real Estate Services shares last traded at C$15.15, with a volume of 9,722 shares traded.

Bridgemarq Real Estate Services Price Performance

The company has a debt-to-equity ratio of -127.66, a quick ratio of 3.06 and a current ratio of 0.40. The stock has a market capitalization of C$144.20 million, a price-to-earnings ratio of -44.85 and a beta of 1.28. The company has a 50-day moving average of C$15.01 and a 200-day moving average of C$14.30.

Bridgemarq Real Estate Services Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be given a dividend of $0.1125 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Thursday, July 31st. Bridgemarq Real Estate Services's payout ratio is currently -399.68%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services.

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