Madison Pacific Properties (TSE:MPC) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Madison Pacific Properties Inc. (TSE:MPC) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$5.19 and traded as low as C$4.84. Madison Pacific Properties shares last traded at C$4.84, with a volume of 900 shares traded.

Madison Pacific Properties Price Performance

The company has a quick ratio of 0.43, a current ratio of 0.29 and a debt-to-equity ratio of 70.03. The company has a market capitalization of C$35.62 million, a PE ratio of -5.63 and a beta of 0.36. The firm’s 50 day simple moving average is C$5.19 and its 200 day simple moving average is C$5.36.

Insider Buying and Selling

In other news, insider Madison Venture Corporation acquired 5,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of C$5.31 per share, with a total value of C$29,205.00. 75.09% of the stock is owned by corporate insiders.

About Madison Pacific Properties

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada.