True North Commercial REIT (TSE:TNT.UN) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of True North Commercial REIT (TSE:TNT.UN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.63 and traded as low as C$8.74. True North Commercial REIT shares last traded at C$9.06, with a volume of 48,112 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on True North Commercial REIT from C$12.00 to C$11.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th.

True North Commercial REIT Stock Down 5.1 %

The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The business has a 50 day simple moving average of C$9.04 and a 200-day simple moving average of C$10.63. The firm has a market capitalization of C$131.01 million, a price-to-earnings ratio of -2.80 and a beta of 1.57.

About True North Commercial REIT

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.