Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) dropped 3.1% on Monday . The stock traded as low as $12.01 and last traded at $12.01. Approximately 9,158 shares were traded during mid-day trading, an increase of 59% from the average daily volume of 5,751 shares. The stock had previously closed at $12.40.
Medalist Diversified REIT Stock Down 3.1 %
The company has a debt-to-equity ratio of 2.95, a quick ratio of 5.06 and a current ratio of 5.06. The firm’s fifty day moving average is $12.15. The company has a market capitalization of $13.43 million, a price-to-earnings ratio of -6.53 and a beta of 0.73.
Insiders Place Their Bets
In other Medalist Diversified REIT news, CEO Frank Kavanaugh bought 5,569 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $12.31 per share, with a total value of $68,554.39. Following the purchase, the chief executive officer now owns 205,000 shares in the company, valued at approximately $2,523,550. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders bought 24,623 shares of company stock worth $300,483. 16.92% of the stock is owned by insiders.
Institutional Trading of Medalist Diversified REIT
About Medalist Diversified REIT
Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.
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