Mainstreet Equity (TSE:MEQ) Shares Pass Above 200-Day Moving Average – Here’s Why

Mainstreet Equity Corp. (TSE:MEQ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$199.79 and traded as high as C$204.50. Mainstreet Equity shares last traded at C$200.95, with a volume of 1,924 shares.

Wall Street Analyst Weigh In

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

Mainstreet Equity Price Performance

The stock has a fifty day simple moving average of C$204.19 and a 200-day simple moving average of C$199.79. The company has a current ratio of 0.51, a quick ratio of 0.81 and a debt-to-equity ratio of 109.80. The company has a market capitalization of C$1.87 billion, a PE ratio of 9.98 and a beta of 1.63.

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.