Mainstreet Equity (TSE:MEQ) Stock Crosses Above 200 Day Moving Average of $182.01

Shares of Mainstreet Equity Corp. (TSE:MEQ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$182.01 and traded as high as C$191.49. Mainstreet Equity shares last traded at C$189.99, with a volume of 2,097 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MEQ shares. Acumen Capital lifted their price target on shares of Mainstreet Equity from C$210.00 to C$220.00 in a research note on Wednesday, July 24th. ATB Capital lifted their target price on Mainstreet Equity from C$200.00 to C$215.00 in a research report on Wednesday, July 24th.

Mainstreet Equity Stock Performance

The company has a debt-to-equity ratio of 117.76, a quick ratio of 0.81 and a current ratio of 0.40. The company has a market capitalization of C$1.77 billion, a PE ratio of 14.06 and a beta of 1.65. The company has a 50 day moving average price of C$193.24 and a 200 day moving average price of C$182.01.

Mainstreet Equity (TSE:MEQ) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C($1.70) EPS for the quarter, missing analysts’ consensus estimates of C$2.42 by C($4.12). The company had revenue of C$63.32 million for the quarter, compared to the consensus estimate of C$62.35 million. Mainstreet Equity had a net margin of 52.74% and a return on equity of 9.38%. Equities analysts forecast that Mainstreet Equity Corp. will post 8.1703132 EPS for the current year.

Mainstreet Equity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a $0.027 dividend. This represents a $0.11 annualized dividend and a yield of 0.06%. The ex-dividend date was Wednesday, July 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.