Morguard (TSE:MRC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

by · The Markets Daily

Shares of Morguard Co. (TSE:MRC – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$115.22 and traded as high as C$116.00. Morguard shares last traded at C$115.51, with a volume of 1,327 shares trading hands.

Morguard Trading Up 0.8%

The company has a quick ratio of 0.13, a current ratio of 0.24 and a debt-to-equity ratio of 129.63. The stock’s 50 day moving average is C$115.22 and its two-hundred day moving average is C$115.94. The company has a market capitalization of C$1.23 billion, a PE ratio of 5.46 and a beta of 0.35.

Morguard (TSE:MRC – Get Free Report) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported C$3.54 EPS for the quarter. Morguard had a net margin of 17.41% and a return on equity of 4.90%. The business had revenue of C$273.60 million for the quarter. As a group, sell-side analysts predict that Morguard Co. will post 26.1506276 EPS for the current fiscal year.

Insider Buying and Selling

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

About Morguard

(Get Free Report)

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.

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