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Morguard (TSE:MRC) Shares Cross Above 50-Day Moving Average - What's Next?

Morguard logo with Real Estate background

Key Points

  • Morguard Co. stock price surpassed its 50-day moving average of C$116.14, reaching a high of C$118.00 during trading, and last traded at C$117.84.
  • The company has a market capitalization of C$1.26 billion, a PE ratio of 6.42, and operates primarily in real estate investments across Canada and the U.S.
  • Morguard's financial metrics indicate a significant debt-to-equity ratio of 129.63, reflecting potential leverage concerns for the firm.
  • Looking to export and analyze Morguard data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Morguard Co. (TSE:MRC - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$116.14 and traded as high as C$118.00. Morguard shares last traded at C$117.84, with a volume of 3,623 shares traded.

Morguard Stock 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 firm has a market capitalization of C$1.26 billion, a PE ratio of 6.42 and a beta of 1.18. The firm's 50-day moving average price is C$116.45 and its two-hundred day moving average price is C$115.06.

About Morguard

(Get Free Report)

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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