Madison Pacific Properties (TSE:MPC) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Madison Pacific Properties Inc. (TSE:MPC) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.19 and traded as low as C$4.84. Madison Pacific Properties shares last traded at C$4.84, with a volume of 900 shares.

Madison Pacific Properties Trading Down 2.4 %

The stock has a market capitalization of C$35.62 million, a PE ratio of -5.63 and a beta of 0.36. The company has a quick ratio of 0.43, a current ratio of 0.29 and a debt-to-equity ratio of 70.03. The firm has a 50 day moving average price of C$5.19 and a 200 day moving average price of C$5.36.

Insiders Place Their Bets

In other news, insider Madison Venture Corporation acquired 5,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was purchased at an average price of C$5.31 per share, for a total transaction of C$29,205.00. Insiders own 75.09% of the company’s stock.

Madison Pacific Properties Company Profile

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada.