True North Commercial REIT (TSE:TNT.UN) Shares Cross Below Fifty Day Moving Average – Here’s Why

True North Commercial REIT (TSE:TNT.UN)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$10.00 and traded as low as C$8.76. True North Commercial REIT shares last traded at C$8.81, with a volume of 16,378 shares.

Wall Street Analyst Weigh In

Separately, CIBC upped their target price on shares of True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th.

True North Commercial REIT Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The stock has a market cap of C$127.39 million, a P/E ratio of -2.72 and a beta of 1.57. The company’s 50 day moving average price is C$10.00 and its 200-day moving average price is C$10.86.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.