Morguard (TSE:MRC) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Morguard Co. (TSE:MRC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$116.52 and traded as low as C$113.08. Morguard shares last traded at C$113.08, with a volume of 105 shares traded.

Morguard Price Performance

The company has a quick ratio of 0.13, a current ratio of 0.29 and a debt-to-equity ratio of 127.16. The company’s fifty day moving average price is C$117.91 and its 200 day moving average price is C$116.52. The company has a market capitalization of C$1.22 billion, a P/E ratio of 6.01 and a beta of 1.18.

Morguard Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Morguard’s previous quarterly dividend of $0.15. Morguard’s dividend payout ratio (DPR) is 3.19%.

Morguard Company Profile

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.