Nexus Industrial REIT (TSE:NXR.UN) Stock Price Down 0.9% – Should You Sell?

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) shares dropped 0.9% during trading on Tuesday . The stock traded as low as C$7.96 and last traded at C$7.98. Approximately 99,549 shares changed hands during trading, a decline of 47% from the average daily volume of 186,087 shares. The stock had previously closed at C$8.05.

Nexus Industrial REIT Price Performance

The stock’s 50-day moving average price is C$7.96 and its 200 day moving average price is C$7.85. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm has a market capitalization of C$774.24 million, a price-to-earnings ratio of 9.66 and a beta of 1.45.

About Nexus Industrial REIT

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Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.

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