Morguard (TSE:MRC) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Morguard Co. (TSE:MRC)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$117.77 and traded as low as C$115.00. Morguard shares last traded at C$115.02, with a volume of 603 shares changing hands.

Morguard Price Performance

The company has a market cap of C$1.23 billion, a P/E ratio of 6.27 and a beta of 1.18. The stock has a 50-day simple moving average of C$115.85 and a 200 day simple moving average of C$117.77. 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 Company Profile

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.