Shares of Mainstreet Equity Corp. (TSE:MEQ) hit a new 52-week high during trading on Monday . The company traded as high as C$62.29 and last traded at C$62.29, with a volume of 175 shares trading hands. The stock had previously closed at C$62.00.
Separately, TD Securities increased their price target on shares of Mainstreet Equity from C$59.00 to C$62.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th.
The stock has a market cap of $583.56 million and a PE ratio of 9.09. The company has a current ratio of 0.05, a quick ratio of 0.02 and a debt-to-equity ratio of 140.42. The business’s 50 day simple moving average is C$57.89.
In other Mainstreet Equity news, Senior Officer Sheena Keslick sold 1,100 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of C$60.00, for a total value of C$66,000.00. Following the completion of the sale, the insider now owns 1,000 shares in the company, valued at C$60,000. In the last quarter, insiders sold 1,700 shares of company stock valued at $99,687.
About Mainstreet Equity (TSE:MEQ)
Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of mid-market rental apartment buildings in Vancouver lower mainland, Calgary and Southern Alberta, Edmonton, Regina, and Saskatoon.
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