Mainstreet Equity (TSE:MEQ) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Mainstreet Equity Corp. (TSE:MEQ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$197.11 and traded as high as C$211.85. Mainstreet Equity shares last traded at C$210.98, with a volume of 4,086 shares.

Analyst Ratings Changes

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

Mainstreet Equity Trading Down 0.1 %

The company has a fifty day simple moving average of C$202.80 and a two-hundred day simple moving average of C$197.11. The company has a quick ratio of 0.81, a current ratio of 0.40 and a debt-to-equity ratio of 117.76. The stock has a market capitalization of C$1.97 billion, a P/E ratio of 15.62 and a beta of 1.63.

Mainstreet Equity Company Profile

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.