Mainstreet Equity (TSE:MEQ) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Mainstreet Equity Corp. (TSE:MEQ)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$192.82 and traded as high as C$203.85. Mainstreet Equity shares last traded at C$202.01, with a volume of 512 shares changing hands.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets lowered shares of Mainstreet Equity from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th.

Mainstreet Equity Stock Performance

The firm has a market capitalization of C$1.93 billion, a PE ratio of 15.35 and a beta of 1.63. The stock’s 50 day moving average price is C$204.27 and its two-hundred day moving average price is C$193.06. The company has a current ratio of 0.40, a quick ratio of 0.81 and a debt-to-equity ratio of 117.76.

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 paid a $0.027 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.11 annualized dividend and a yield of 0.05%. Mainstreet Equity’s payout ratio is currently 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.