Morguard (TSE:MRC) Stock Price Crosses Above 50-Day Moving Average of $189.24

Morguard Corp (TSE:MRC) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $189.24 and traded as high as $184.80. Morguard shares last traded at $183.86, with a volume of 228 shares trading hands.

The stock has a market capitalization of $2.09 billion and a PE ratio of 8.84. The stock’s 50 day moving average is C$189.04. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 142.15.

Morguard (TSE:MRC) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported C$2.97 earnings per share for the quarter. The firm had revenue of C$290.65 million during the quarter. As a group, analysts anticipate that Morguard Corp will post 13.62 earnings per share for the current fiscal year.

Morguard Company Profile (TSE:MRC)

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 21, 2019, the company owned a portfolio of 214 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,481 residential suites, approximately 17.2 million square feet of commercial leasable space, and 5,903 hotel rooms.

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