True North Commercial REIT (TSE:TNT.UN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

True North Commercial REIT (TSE:TNT.UN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.81 and traded as low as C$9.57. True North Commercial REIT shares last traded at C$9.63, with a volume of 19,455 shares changing hands.

Analyst Ratings Changes

TNT.UN has been the topic of several research analyst reports. CIBC upped their price objective on True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th. Canaccord Genuity Group upped their price target on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a report on Monday, September 23rd.

True North Commercial REIT Price Performance

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 firm has a fifty day simple moving average of C$10.79 and a 200 day simple moving average of C$10.81. The company has a market capitalization of C$139.25 million, a PE ratio of -2.97 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.