Mainstreet Equity (TSE:MEQ) Shares Cross Above 200-Day Moving Average – Time to Sell?

Mainstreet Equity Corp. (TSE:MEQ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$194.27 and traded as high as C$202.75. Mainstreet Equity shares last traded at C$197.15, with a volume of 9,106 shares changing hands.

Analyst Upgrades and Downgrades

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

Mainstreet Equity Stock Down 3.3 %

The company has a current ratio of 0.40, a quick ratio of 0.81 and a debt-to-equity ratio of 117.76. The firm has a market cap of C$1.84 billion, a PE ratio of 14.59 and a beta of 1.63. The business’s 50-day simple moving average is C$204.14 and its 200 day simple moving average is C$194.27.

Mainstreet Equity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were issued a $0.027 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.05%. The ex-dividend date was Thursday, October 17th. Mainstreet Equity’s dividend payout ratio is currently 0.81%.

About Mainstreet Equity

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.