Temple Hotels (TSE:TPH) Share Price Passes Above 50 Day Moving Average of $1.86

Temple Hotels Inc (TSE:TPH)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.86 and traded as high as $2.09. Temple Hotels shares last traded at $2.08, with a volume of 35,549 shares traded.

The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1,313.58. The firm’s 50 day simple moving average is C$1.86 and its 200-day simple moving average is C$1.76. The stock has a market capitalization of $132.87 million and a price-to-earnings ratio of -1.86.

In other Temple Hotels news, insider Sime Armoyan purchased 33,900 shares of the stock in a transaction on Tuesday, October 8th. The shares were purchased at an average cost of C$1.75 per share, for a total transaction of C$59,325.00. Following the purchase, the insider now owns 12,506,034 shares of the company’s stock, valued at C$21,885,559.50. Insiders acquired a total of 44,500 shares of company stock worth $78,121 over the last quarter.

About Temple Hotels (TSE:TPH)

Temple is a growth oriented hotel investment company with hotel properties located across Canada. Temple is listed on the Toronto Stock Exchange under the symbols TPH (common shares) and TPH.DB.E (convertible debentures). The primary long-term investment objectives of the Company are to yield stable and growing cash flows and to maximize the long-term share value of the Company through the active management of its assets, accretive acquisitions, and the performance of value-added capital improvement programs on selected properties, as deemed appropriate.

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