Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.23 and traded as low as C$5.95. Artis Real Estate Investment Trust Unit shares last traded at C$6.01, with a volume of 262,492 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “underperform” rating and set a C$7.50 price target on the stock. in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of C$7.50.

Artis Real Estate Investment Trust Unit Price Performance

The company has a 50 day moving average price of C$6.95 and a 200 day moving average price of C$7.23. The company has a market capitalization of C$578.26 million, a P/E ratio of -9.39 and a beta of 0.51. The company has a current ratio of 0.78, a quick ratio of 0.07 and a debt-to-equity ratio of 104.62.

About Artis Real Estate Investment Trust Unit

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT’s portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin.