Morguard (TSE:MRC) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Morguard Co. (TSE:MRC)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$115.71 and traded as low as C$115.15. Morguard shares last traded at C$116.32, with a volume of 1,789 shares.

Morguard Stock Up 1.0%

The company has a market cap of C$1.24 billion, a PE ratio of 5.50 and a beta of 0.36. The company has a fifty day moving average of C$115.74 and a two-hundred day moving average of C$115.71. The company has a debt-to-equity ratio of 129.63, a quick ratio of 0.13 and a current ratio of 0.24.

Morguard (TSE:MRC) last posted its quarterly earnings data 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 company had revenue of C$273.60 million during the quarter. As a group, analysts anticipate that Morguard Co. will post 26.1506276 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sime Armoyan acquired 1,900 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was acquired 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 in the company, valued at approximately C$155,180,467.30. This trade represents a 0.14% increase in their ownership of the stock. 72.99% of the stock is owned by company insiders.

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.