Morguard (TSE:MRC) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Morguard Co. shares have fallen below their 200-day moving average of C$115.24, trading as low as C$114.01.
• Company insider Sime Armoyan purchased 1,900 shares at an average price of C$115.10, increasing their stake in the company.
• Morguard Corp has a current market cap of C$1.22 billion and a debt-to-equity ratio of 129.63, indicating a higher level of debt relative to equity.

Morguard Co. (TSE:MRC - ) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$115.24 and traded as low as C$114.01. Morguard shares last traded at C$114.01, with a volume of 208 shares.

Morguard Price Performance

The business has a fifty day moving average of C$116.18 and a 200-day moving average of C$115.24. The firm has a market cap of C$1.22 billion, a PE ratio of 6.46 and a beta of 0.38. The company has a current ratio of 0.24, a quick ratio of 0.13 and a debt-to-equity ratio of 129.63.

Insider Transactions at Morguard

In related news, insider Sime Armoyan acquired 1,900 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The shares were acquired at an average price of C$115.10 per share, with a total value of C$218,690.00. Following the acquisition, the insider owned 1,348,223 shares of the company's stock, valued at approximately C$155,180,467.30. This trade represents a 0.14% increase in their position. Company insiders own 72.99% of the company's stock.

Morguard Company Profile

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management.

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