Bridgemarq Real Estate Services (TSE:BRE) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.63 and traded as high as C$13.70. Bridgemarq Real Estate Services shares last traded at C$13.50, with a volume of 38,678 shares traded.

Bridgemarq Real Estate Services Stock Up 1.1%

The firm’s 50 day moving average is C$13.82 and its two-hundred day moving average is C$13.62. The stock has a market cap of C$127.56 million, a price-to-earnings ratio of 30.57 and a beta of 0.93. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -197.98.

Bridgemarq Real Estate Services (TSE:BRE) last announced its earnings results on Wednesday, May 13th. The company reported C$0.12 earnings per share for the quarter. Bridgemarq Real Estate Services had a negative net margin of 0.49% and a positive return on equity of 2.19%. The firm had revenue of C$69.87 million during the quarter.

Bridgemarq Real Estate Services Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 10.0%. Bridgemarq Real Estate Services’s payout ratio is presently 306.82%.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.