SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Technical breakout: SmartCentres' shares moved above their 50-day moving average (C$27.40), trading as high as C$28.54 and last at C$28.14 on a volume of 342,084 shares.
• Balance-sheet and valuation: The REIT has a market cap of C$4.80 billion and a P/E of 19.05 with a beta of 0.75, but a high debt-to-equity ratio of 80.88 and very low liquidity (current ratio 0.17, quick ratio 0.10).
• Business profile: SmartCentres is a Canadian integrated commercial and residential REIT with about 174 properties, developing mixed-use communities under its SmartLiving residential brand.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - )'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$27.40 and traded as high as C$28.54. SmartCentres Real Estate Investment Trst shares last traded at C$28.14, with a volume of 342,084 shares traded.

SmartCentres Real Estate Investment Trst Stock Performance

The stock has a market capitalization of C$4.80 billion, a PE ratio of 19.05 and a beta of 0.75. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The business's fifty day moving average price is C$27.40 and its 200-day moving average price is C$26.72.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it's wholly-owned residential sub-brand, SmartLiving.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.