Slate Retail REIT (TSE:SRT.UN) Shares Cross Below 50-Day Moving Average – Should You Sell?

Slate Retail REIT (TSE:SRT.UNGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$9.60 and traded as low as C$9.34. Slate Retail REIT shares last traded at C$9.60, with a volume of 30,579 shares trading hands.

Slate Retail REIT Price Performance

The company has a debt-to-equity ratio of 218.67, a quick ratio of 0.56 and a current ratio of 0.61. The company’s 50 day moving average price is C$9.60. The company has a market cap of C$393.69 million and a PE ratio of 13.08.

About Slate Retail REIT

(Get Free Report)

Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.4 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.

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