Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$7.07 and traded as high as C$8.10. Artis Real Estate Investment Trust Unit shares last traded at C$8.00, with a volume of 233,120 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “underperform” rating and set a C$7.50 price target on the stock. in a research note on Tuesday, September 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell” and an average price target of C$7.50.

Artis Real Estate Investment Trust Unit Price Performance

The company has a debt-to-equity ratio of 104.62, a current ratio of 0.78 and a quick ratio of 0.07. The firm has a market cap of C$767.73 million, a price-to-earnings ratio of -9.20 and a beta of 0.67. The stock has a 50-day moving average price of C$7.07 and a 200 day moving average price of C$7.07.

About Artis Real Estate Investment Trust Unit

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States.