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

Madison Pacific Properties Inc. (TSE:MPC) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.00 and traded as low as C$4.73. Madison Pacific Properties shares last traded at C$4.73, with a volume of 2,002 shares traded.

Madison Pacific Properties Stock Up 1.7 %

The firm has a market capitalization of C$266.47 million, a price-to-earnings ratio of -6.37 and a beta of 0.36. 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 stock has a fifty day moving average of C$5.00 and a 200-day moving average of C$5.27.

Insider Buying and Selling

In other Madison Pacific Properties news, insider Madison Venture Corporation purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of C$4.30 per share, with a total value of C$64,500.00. Also, Director Graziano Delucchi bought 10,500 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of C$4.72 per share, with a total value of C$49,560.00. In the last quarter, insiders have purchased 33,500 shares of company stock valued at $154,073. 75.09% of the stock is owned by corporate insiders.

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.