Madison Pacific Properties (TSE:MPC) Trading Up 7.2% – Still a Buy?

Madison Pacific Properties Inc. (TSE:MPCGet Free Report) shares were up 7.2% during mid-day trading on Monday . The stock traded as high as C$5.30 and last traded at C$5.09. 270 shares traded hands during trading, a decline of 84% from the average session volume of 1,644 shares. The stock had previously closed at C$4.75.

Madison Pacific Properties Stock Performance

The stock has a fifty day moving average price of C$4.96 and a 200 day moving average price of C$5.02. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 83.92. The firm has a market cap of C$302.67 million, a price-to-earnings ratio of 9.79 and a beta of 0.01.

Madison Pacific Properties Company Profile

(Get Free Report)

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.

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