Madison Pacific Properties (TSE:MPC) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

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 changing hands.

Madison Pacific Properties Stock Performance

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

Insider Activity at Madison Pacific Properties

In related news, insider Madison Venture Corporation acquired 5,500 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$5.31 per share, for a total transaction of C$29,205.00. 75.09% of the stock is owned by corporate insiders.

About Madison Pacific Properties

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.