Morguard (TSE:MRC) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Morguard Co. (TSE:MRC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$115.81 and traded as low as C$114.50. Morguard shares last traded at C$114.50, with a volume of 943 shares changing hands.

Morguard Stock Performance

The stock’s 50-day moving average price is C$115.28 and its 200 day moving average price is C$115.81. The firm has a market cap of C$1.22 billion, a P/E ratio of 5.41 and a beta of 0.35. The company has a debt-to-equity ratio of 129.63, a current ratio of 0.24 and a quick ratio of 0.13.

Morguard (TSE:MRC) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$3.54 earnings per share (EPS) for the quarter. Morguard had a net margin of 17.41% and a return on equity of 4.90%. The firm had revenue of C$273.60 million for the quarter. As a group, equities analysts predict that Morguard Co. will post 26.1506276 EPS for the current year.

Insider Buying and Selling

In related news, insider Sime Armoyan purchased 1,900 shares of Morguard stock in a transaction that occurred on Friday, October 3rd. The stock was purchased at an average cost of C$115.10 per share, with a total value of C$218,690.00. Following the completion of the transaction, the insider owned 1,348,223 shares of the company’s stock, valued at approximately C$155,180,467.30. This trade represents a 0.14% increase in their position. Company insiders own 72.99% of the company’s stock.

About Morguard

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.