Mainstreet Equity (TSE:MEQ) Shares Pass Above Two Hundred Day Moving Average of $74.58

Mainstreet Equity Corp. (TSE:MEQ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$74.58 and traded as high as C$82.79. Mainstreet Equity shares last traded at C$82.79, with a volume of 700 shares.

Several research analysts have weighed in on MEQ shares. Laurentian Bank of Canada decreased their price target on shares of Mainstreet Equity to C$90.00 and set a “na” rating on the stock in a research report on Wednesday, February 17th. ATB Capital reaffirmed a “na” rating and set a C$100.00 target price on shares of Mainstreet Equity in a research note on Thursday, February 18th.

The stock has a market cap of C$789.65 million and a PE ratio of 13.71. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 136.79. The business’s 50-day moving average price is C$80.15 and its 200-day moving average price is C$74.62.

Mainstreet Equity (TSE:MEQ) last released its quarterly earnings data on Friday, February 12th. The company reported C($0.57) EPS for the quarter, missing the consensus estimate of C$1.35 by C($1.92). The firm had revenue of C$38.49 million for the quarter, compared to analyst estimates of C$38.80 million. As a group, analysts predict that Mainstreet Equity Corp. will post 4.1000001 earnings per share for the current year.

About Mainstreet Equity (TSE:MEQ)

Mainstreet Equity Corp. engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties in Western Canada. The company owns a portfolio of multi-family residential properties in Vancouver and the Lower Mainland, Calgary and Southern Alberta, Edmonton, Saskatoon, and Regina.

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