Madison Pacific Properties (TSE:MPC) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Madison Pacific Properties Inc. (TSE:MPC)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 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 Price Performance

The firm has a market capitalization of C$35.62 million, a PE ratio of -5.63 and a beta of 0.36. The firm’s fifty day simple moving average is C$5.19 and its 200-day simple moving average is C$5.36. The company has a quick ratio of 0.43, a current ratio of 0.29 and a debt-to-equity ratio of 70.03.

Insider Transactions at Madison Pacific Properties

In other Madison Pacific Properties news, insider Madison Venture Corporation bought 5,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average price of C$5.31 per share, with a total value of C$29,205.00. Company 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.