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

Morguard logo with Real Estate background

Shares of Morguard Co. (TSE:MRC - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$114.78 and traded as low as C$113.22. Morguard shares last traded at C$113.50, with a volume of 399 shares changing hands.

Morguard Price Performance

The company has a quick ratio of 0.13, a current ratio of 0.24 and a debt-to-equity ratio of 129.63. The business's 50-day moving average is C$112.85 and its two-hundred day moving average is C$114.76. The company has a market capitalization of C$1.22 billion, a P/E ratio of 6.18 and a beta of 1.18.

About Morguard

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Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.

Further Reading

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