Summit Industrial Income REIT (TSE:SMU.UN) Stock Price Up 0.1% – Time to Buy?

Summit Industrial Income REIT (TSE:SMU.UN) rose 0.1% on Monday . The stock traded as high as C$23.48 and last traded at C$23.48. Approximately 1,217,593 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 1,822,923 shares. The stock had previously closed at C$23.46.

Summit Industrial Income REIT Stock Performance

The stock has a market capitalization of C$4.46 billion and a P/E ratio of 8.89. The company has a debt-to-equity ratio of 38.16, a current ratio of 0.42 and a quick ratio of 0.21. The stock’s 50-day moving average price is C$23.48.

About Summit Industrial Income REIT

Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial and other properties across Canada. Summit II's units are listed on the TSX and trade under the symbol SMU.UN.