Morguard Real Estate Inv. (TSE:MRT.UN) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares of Morguard Real Estate Inv. (TSE:MRT.UN) recently surpassed its 200-day moving average of C$5.68, trading at C$5.76.
• The company, which has a market capitalization of C$375.19 million, shows a concerning price-to-earnings ratio of -11.08 and high debt-to-equity ratio of 135.58.
• Insiders, including Sime Armoyan, have been buying shares, with a total of 23,100 shares purchased in the past three months, reflecting confidence in the firm’s future prospects.

Shares of Morguard Real Estate Inv. (TSE:MRT.UN - ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.68 and traded as high as C$5.76. Morguard Real Estate Inv. shares last traded at C$5.76, with a volume of 5,500 shares trading hands.

Morguard Real Estate Inv. Price Performance

The firm has a market capitalization of C$375.19 million, a price-to-earnings ratio of -11.08 and a beta of 0.08. The company has a fifty day moving average price of C$5.74 and a two-hundred day moving average price of C$5.68. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58.

Insider Buying and Selling at Morguard Real Estate Inv.

In other news, insider Sime Armoyan acquired 4,500 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was acquired at an average cost of C$5.75 per share, with a total value of C$25,875.00. Insiders purchased 23,100 shares of company stock valued at $132,539 over the last three months. 91.79% of the stock is currently owned by corporate insiders.

Morguard Real Estate Inv. Company Profile

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.