Mainstreet Equity (TSE:MEQ) Stock Price Crosses Above Two Hundred 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 Monday . The stock has a two hundred day moving average of C$200.13 and traded as high as C$205.00. Mainstreet Equity shares last traded at C$203.71, with a volume of 3,580 shares traded.

Analyst Ratings Changes

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 Up 1.5 %

The stock has a market cap of C$1.90 billion, a PE ratio of 10.12 and a beta of 1.63. The business has a 50 day moving average of C$203.42 and a 200-day moving average of C$200.13. The company has a current ratio of 0.51, a quick ratio of 0.81 and a debt-to-equity ratio of 109.80.

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.