Bridgemarq Real Estate Services (TSE:BRE) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Bridgemarq Real Estate Services Inc. has surpassed its 200-day moving average, trading as high as C$15.36, with a last traded price of C$15.08.
• The company recently announced a monthly dividend of $0.1125, representing an annualized dividend yield of 8.95%.
• Bridgemarq has a market capitalization of C$143.53 million and a notable debt-to-equity ratio of -127.66.

Bridgemarq Real Estate Services Inc. (TSE:BRE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.25 and traded as high as C$15.36. Bridgemarq Real Estate Services shares last traded at C$15.08, with a volume of 7,213 shares.

Bridgemarq Real Estate Services Stock Performance

The company has a quick ratio of 3.06, a current ratio of 0.40 and a debt-to-equity ratio of -127.66. The company's 50-day moving average is C$14.93 and its two-hundred day moving average is C$14.25. The company has a market capitalization of C$144.58 million, a P/E ratio of -44.97 and a beta of 1.28.

Bridgemarq Real Estate Services Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be paid a $0.1125 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.89%. Bridgemarq Real Estate Services's dividend payout ratio is presently -399.68%.

About Bridgemarq Real Estate Services

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.