Slate Office REIT (TSE:SOT.UN - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.66 and last traded at C$0.68, with a volume of 60012 shares traded. The stock had previously closed at C$0.69.
Wall Street Analyst Weigh In
Separately, Cormark upgraded shares of Slate Office REIT from a "reduce" rating to a "market perform" rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$1.26.
Read Our Latest Stock Report on SOT.UN
Slate Office REIT Stock Performance
The company has a debt-to-equity ratio of 229.55, a quick ratio of 0.14 and a current ratio of 0.56. The stock has a market cap of C$54.43 million, a P/E ratio of -0.48 and a beta of 0.94. The company's 50 day moving average price is C$0.79 and its 200-day moving average price is C$0.89.
About Slate Office REIT
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Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.
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