European Residential Real Estate Investment Trust (TSE:ERE-UN) Stock Price Down 3.1% – What’s Next?

European Residential Real Estate Investment Trust (TSE:ERE-UNGet Free Report) was down 3.1% on Monday . The company traded as low as C$2.45 and last traded at C$2.48. Approximately 784,702 shares changed hands during mid-day trading, The stock had previously closed at C$2.56.

European Residential Real Estate Investment Trust Stock Down 3.1 %

The firm has a market cap of C$151.18 million, a PE ratio of -3.21 and a beta of 1.28. The company has a debt-to-equity ratio of 208.98, a quick ratio of 0.20 and a current ratio of 1.43. The company’s 50-day simple moving average is C$2.90 and its two-hundred day simple moving average is C$3.04.

About European Residential Real Estate Investment Trust

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ERES is an unincorporated, open-ended real estate investment trust. ERES's REIT Units are listed on the TSX under the symbol ERE.UN. ERES is Canada's only European-focused multi-residential REIT, with a current portfolio of high-quality, multi-residential real estate properties in the Netherlands.

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