Mainstreet Equity (TSE:MEQ) Reaches New 12-Month Low – What’s Next?

Shares of Mainstreet Equity Corp. (TSE:MEQ – Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as C$165.84 and last traded at C$165.86, with a volume of 7442 shares changing hands. The stock had previously closed at C$167.52.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price target on shares of Mainstreet Equity from C$240.00 to C$245.00 and gave the company a “moderate buy” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$246.50.

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Mainstreet Equity Trading Down 0.9%

The business has a 50 day moving average of C$177.95 and a 200 day moving average of C$179.89. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of 8.24 and a beta of 0.68. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 97.72.

Mainstreet Equity (TSE:MEQ – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. Mainstreet Equity had a net margin of 66.27% and a return on equity of 10.42%. The firm had revenue of C$72.24 million for the quarter. On average, research analysts forecast that Mainstreet Equity Corp. will post 8.1910619 earnings per share for the current fiscal year.

About Mainstreet Equity

(Get Free Report)

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

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