Genesis Land Development (TSE:GDC) Share Price Passes Above 50-Day Moving Average – What’s Next?

Genesis Land Development Corp. (TSE:GDC) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.92 and traded as high as C$4.15. Genesis Land Development shares last traded at C$4.15, with a volume of 6,500 shares changing hands.

Genesis Land Development Trading Up 0.7 %

The stock has a market capitalization of C$240.22 million, a P/E ratio of 9.40 and a beta of 1.06. The company has a debt-to-equity ratio of 53.71, a quick ratio of 0.80 and a current ratio of 8.72. The business has a 50 day simple moving average of C$3.94 and a 200-day simple moving average of C$3.55.

Genesis Land Development (TSE:GDC) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$94.98 million during the quarter. Genesis Land Development had a return on equity of 10.16% and a net margin of 9.14%.

About Genesis Land Development

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments: Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders; and sells lots and completed homes.