Mainstreet Equity (TSE:MEQ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mainstreet Equity Corp. (TSE:MEQ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$191.41 and traded as high as C$208.56. Mainstreet Equity shares last traded at C$207.84, with a volume of 636 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets cut shares of Mainstreet Equity from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

Mainstreet Equity Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.40 and a debt-to-equity ratio of 117.76. The firm has a market cap of C$1.91 billion, a price-to-earnings ratio of 15.20 and a beta of 1.63. The company’s 50-day moving average price is C$204.07 and its 200-day moving average price is C$191.66.

Mainstreet Equity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were given a $0.027 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.11 annualized dividend and a yield of 0.05%. Mainstreet Equity’s dividend payout ratio is presently 0.81%.

Mainstreet Equity Company Profile

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.