BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• BTB Real Estate Investment Trust's stock price surpassed its 50-day moving average of C$3.70, reaching a high of C$3.78 during recent trading.
• National Bankshares has lowered its price target for BTB from C$3.40 to C$3.30 while maintaining a "sector perform" rating on the stock.
• BTB REIT possesses a market capitalization of C$331.74 million, with a current ratio of 0.16 and a debt-to-equity ratio of 150.90.

BTB Real Estate Investment Trust (TSE:BTB.UN - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.70 and traded as high as C$3.78. BTB Real Estate Investment Trust shares last traded at C$3.76, with a volume of 58,851 shares trading hands.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered their price objective on shares of BTB Real Estate Investment Trust from C$3.40 to C$3.30 and set a "sector perform" rating on the stock in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$3.53.

BTB Real Estate Investment Trust Stock Up 0.5%

The company's 50-day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.56. The company has a debt-to-equity ratio of 150.90, a current ratio of 0.16 and a quick ratio of 0.17. The firm has a market capitalization of C$331.74 million, a P/E ratio of 8.55 and a beta of 0.91.

BTB Real Estate Investment Trust Company Profile

BTB is a real estate investment trust listed on the Toronto Stock Exchange. Since 2006, BTB owns and manages properties across Canada. BTB REIT invests in industrial, off-downtown core office and necessity-based commercial properties for the benefit of its investors.

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