Mainstreet Equity (TSE:MEQ) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Mainstreet Equity Corp. (TSE:MEQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$194.27 and traded as high as C$202.75. Mainstreet Equity shares last traded at C$197.15, with a volume of 9,106 shares traded.

Analyst Upgrades and Downgrades

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

Mainstreet Equity Stock Performance

The firm has a market capitalization of C$1.84 billion, a P/E ratio of 14.59 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 firm has a 50-day moving average price of C$204.14 and a two-hundred day moving average price of C$194.27.

Mainstreet Equity Dividend Announcement

The business also recently disclosed 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 was Thursday, October 17th. This represents a $0.11 annualized dividend and a yield of 0.05%. Mainstreet Equity’s dividend payout ratio (DPR) is 0.81%.

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.