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Morguard (TSE:MRC) Share Price Passes Above Fifty Day Moving Average - Here's Why

Morguard logo with Real Estate background

Morguard Co. (TSE:MRC - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$114.30 and traded as high as C$121.00. Morguard shares last traded at C$119.70, with a volume of 659 shares changing hands.

Morguard Stock Up 0.2%

The company has a current ratio of 0.24, a quick ratio of 0.13 and a debt-to-equity ratio of 129.63. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 6.50 and a beta of 1.18. The business has a 50-day moving average price of C$114.56 and a 200 day moving average price of C$114.33.

Morguard Company Profile

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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.

Further Reading

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