Mainstreet Equity (TSE:MEQ) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Mainstreet Equity Corp. (TSE:MEQ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$185.69 and traded as high as C$199.41. Mainstreet Equity shares last traded at C$199.41, with a volume of 1,040 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on MEQ. Acumen Capital boosted their price objective on Mainstreet Equity from C$210.00 to C$220.00 in a report on Wednesday, July 24th. ATB Capital boosted their price objective on Mainstreet Equity from C$200.00 to C$215.00 in a report on Wednesday, July 24th.

Mainstreet Equity Stock Up 0.0 %

The firm has a market capitalization of C$1.86 billion, a PE ratio of 14.76 and a beta of 1.63. The company has a fifty day simple moving average of C$198.56 and a two-hundred day simple moving average of C$185.69. The company has a debt-to-equity ratio of 117.76, a quick ratio of 0.81 and a current ratio of 0.40.

Mainstreet Equity Announces Dividend

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

Mainstreet Equity Company Profile

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.