Mainstreet Equity (TSE:MEQ) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Mainstreet Equity shares recently crossed above their 200-day moving average, trading as high as C$188.00 and last at C$187.18 on a volume of 7,625 shares.
• Analysts are bullish: ATB Cormark bumped its target to C$245 and rated the stock a "moderate buy", and the consensus from two analysts is a "Buy" with an average target of C$246.50.
• The company appears attractively valued with a P/E of 6.25 and market cap of C$1.74 billion, reporting quarterly EPS of C$9.95 and a 99.81% net margin, though it carries a high debt-to-equity ratio of 97.62.

Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$181.66 and traded as high as C$188.00. Mainstreet Equity shares last traded at C$187.18, with a volume of 7,625 shares changing hands.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price target on shares of Mainstreet Equity from C$240.00 to C$245.00 and gave the stock a "moderate buy" rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$246.50.

Mainstreet Equity Trading Up 2.1%

The business's 50-day moving average is C$180.32 and its two-hundred day moving average is C$181.66. The company has a debt-to-equity ratio of 97.62, a quick ratio of 0.81 and a current ratio of 1.10. The stock has a market capitalization of C$1.74 billion, a PE ratio of 6.25 and a beta of 0.67.

Mainstreet Equity (TSE:MEQ - Get Free Report) last announced its quarterly earnings data on Monday, December 15th. The company reported C$9.95 EPS for the quarter. The company had revenue of C$70.45 million during the quarter. Mainstreet Equity had a net margin of 99.81% and a return on equity of 15.88%. As a group, equities research analysts anticipate that Mainstreet Equity Corp. will post 8.1910619 earnings per share for the current year.

About Mainstreet Equity

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

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