Mainstreet Equity (TSE:MEQ) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Mainstreet Equity Corp. (TSE:MEQ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$195.79 and traded as high as C$203.90. Mainstreet Equity shares last traded at C$202.76, with a volume of 1,302 shares traded.

Analysts Set New Price Targets

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

Mainstreet Equity Stock Down 1.4 %

The stock has a market capitalization of C$1.86 billion, a P/E ratio of 14.80 and a beta of 1.63. The company has a debt-to-equity ratio of 117.76, a current ratio of 0.40 and a quick ratio of 0.81. The stock has a fifty day moving average price of C$202.43 and a 200 day moving average price of C$195.82.

About Mainstreet Equity

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.