Madison Pacific Properties (TSE:MPC) Shares Cross Below 50 Day Moving Average – What’s Next?

Madison Pacific Properties Inc. (TSE:MPC)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.94 and traded as low as C$4.90. Madison Pacific Properties shares last traded at C$4.90, with a volume of 103 shares.

Madison Pacific Properties Stock Performance

The stock’s 50 day moving average price is C$4.94 and its 200 day moving average price is C$5.27. The company has a current ratio of 0.18, a quick ratio of 0.43 and a debt-to-equity ratio of 73.53. The company has a market capitalization of C$276.05 million, a price-to-earnings ratio of -6.60 and a beta of 0.36.

Insider Transactions at Madison Pacific Properties

In other Madison Pacific Properties news, insider Madison Venture Corporation acquired 5,500 shares of Madison Pacific Properties stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of C$5.31 per share, for a total transaction 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.