Morguard (TSE:MRC) Shares Pass Above 50-Day Moving Average - Should You Sell?

Key Points

• Technical move: Morguard's shares climbed above their 50‑day moving average (C$115.55), trading as high as C$116.00 and last at C$115.07 on light volume (1,700 shares).
• Insider activity and control: Insider Sime Armoyan bought 5,500 shares at about C$115 on March 17, and company insiders collectively own 72.99% of the stock.
• Valuation and recent results: The company has a market cap of C$1.23 billion with a P/E of 7.04; last quarter EPS was C$2.33 on C$278.02 million revenue, and analysts project roughly 26.15 EPS for the current fiscal year.

Morguard Co. (TSE:MRC - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$115.55 and traded as high as C$116.00. Morguard shares last traded at C$115.07, with a volume of 1,700 shares changing hands.

Morguard Stock Down 0.4%

The stock has a fifty day moving average of C$115.55 and a two-hundred day moving average of C$115.71. The company has a quick ratio of 0.13, a current ratio of 0.27 and a debt-to-equity ratio of 128.26. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 7.04 and a beta of 0.13.

Morguard (TSE:MRC - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C$2.33 EPS for the quarter. Morguard had a return on equity of 4.01% and a net margin of 15.68%.The company had revenue of C$278.02 million for the quarter. As a group, analysts predict that Morguard Co. will post 26.1506276 EPS for the current fiscal year.

Insider Buying and Selling

In other Morguard news, insider Sime Armoyan bought 5,500 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average cost of C$115.00 per share, with a total value of C$632,500.00. Following the completion of the transaction, the insider owned 1,390,223 shares in the company, valued at C$159,875,645. The trade was a 0.40% increase in their ownership of the stock. Insiders bought 6,000 shares of company stock valued at $689,875 over the last 90 days. 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. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.

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