Mainstreet Equity Corp. (TSE:MEQ - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$192.00 and last traded at C$192.00, with a volume of 2004 shares. The stock had previously closed at C$192.99.
Analyst Ratings Changes
Separately, Laurentian set a C$180.00 target price on shares of Mainstreet Equity and gave the stock a "buy" rating in a research report on Monday, January 22nd.
Read Our Latest Stock Report on MEQ
Mainstreet Equity Trading Down 0.6 %
The stock has a market capitalization of C$1.79 billion, a P/E ratio of 10.96 and a beta of 1.55. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 119.54. The business has a 50-day moving average price of C$176.95 and a two-hundred day moving average price of C$153.85.
Mainstreet Equity (TSE:MEQ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported C$7.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$2.04 by C$5.32. Mainstreet Equity had a net margin of 74.24% and a return on equity of 12.47%. The firm had revenue of C$58.34 million for the quarter, compared to the consensus estimate of C$56.60 million. On average, analysts expect that Mainstreet Equity Corp. will post 6.8109648 EPS for the current fiscal year.
Insider Activity at Mainstreet Equity
In related news, Director Richard Grimaldi sold 6,400 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of C$163.00, for a total transaction of C$1,043,200.00. 48.94% of the stock is currently owned by insiders.
Mainstreet Equity Company Profile
(
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Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.
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