Canadian Banc (TSE:BK) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Canadian Banc Corp. (TSE:BK - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$10.95 and traded as high as C$11.45. Canadian Banc shares last traded at C$11.42, with a volume of 93,480 shares.

Canadian Banc Stock Performance

The company has a market capitalization of C$402.77 million, a price-to-earnings ratio of 5.66 and a beta of 1.22. The company has a current ratio of 1.98, a quick ratio of 2.23 and a debt-to-equity ratio of 98.31. The stock's fifty day simple moving average is C$10.97 and its 200-day simple moving average is C$11.42.

Canadian Banc Company Profile

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.