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

Shares of Mainstreet Equity Corp. (TSE:MEQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$184.86 and traded as high as C$207.87. Mainstreet Equity shares last traded at C$207.40, with a volume of 1,775 shares traded.

Analysts Set New Price Targets

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

Mainstreet Equity Stock Performance

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 stock’s 50 day moving average price is C$198.09 and its two-hundred day moving average price is C$184.86. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 15.35 and a beta of 1.63.

Mainstreet Equity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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.