Madison Pacific Properties (TSE:MPC) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Madison Pacific Properties Inc. (TSE:MPC)’s stock price crossed 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 trading hands.

Madison Pacific Properties Stock Performance

The company has a market cap of C$35.62 million, a price-to-earnings ratio of -5.63 and a beta of 0.36. The company has a debt-to-equity ratio of 70.03, a quick ratio of 0.43 and a current ratio of 0.29. The company has a fifty day moving average of C$5.19 and a two-hundred day moving average of C$5.36.

Insider Activity

In related news, insider Madison Venture Corporation bought 5,500 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of C$5.31 per share, with a total value 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.