Genesis Land Development (TSE:GDC) Stock Passes Above Fifty Day Moving Average – Here’s Why

Genesis Land Development Corp. (TSE:GDC) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.92 and traded as high as C$4.15. Genesis Land Development shares last traded at C$4.15, with a volume of 6,500 shares changing hands.

Genesis Land Development Price Performance

The company has a 50 day simple moving average of C$3.92 and a 200-day simple moving average of C$3.53. The stock has a market cap of C$235.68 million, a price-to-earnings ratio of 9.22 and a beta of 1.06. The company has a current ratio of 8.72, a quick ratio of 0.80 and a debt-to-equity ratio of 53.71.

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

About Genesis Land Development

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.