Genesis Land Development (TSE:GDC) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Genesis Land Development Corp. (TSE:GDC)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.87 and traded as high as C$3.98. Genesis Land Development shares last traded at C$3.77, with a volume of 7,455 shares.

Genesis Land Development Trading Down 6.2 %

The company has a current ratio of 8.72, a quick ratio of 0.80 and a debt-to-equity ratio of 53.71. The company has a market cap of C$214.10 million, a price-to-earnings ratio of 8.38 and a beta of 1.06. The firm has a 50-day moving average price of C$3.87 and a 200 day moving average price of C$3.48.

Genesis Land Development (TSE:GDC) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$94.98 million during the quarter. Genesis Land Development had a net margin of 9.14% and a return on equity of 10.16%.

Genesis Land Development Company Profile

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments: Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders; and sells lots and completed homes.