Slate Office REIT (TSE:SOT.UN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Slate Office REIT (TSE:SOT.UN)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.51 and traded as high as C$0.65. Slate Office REIT shares last traded at C$0.64, with a volume of 42,130 shares changing hands.

Slate Office REIT Stock Performance

The firm has a fifty day simple moving average of C$0.51 and a 200 day simple moving average of C$0.48. The company has a current ratio of 0.47, a quick ratio of 0.14 and a debt-to-equity ratio of 329.26. The stock has a market cap of C$51.44 million, a price-to-earnings ratio of -0.20 and a beta of 1.35.

Slate Office REIT Company Profile

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.