Madison Pacific Properties (TSE:MPC) Shares Cross Below 50 Day Moving Average – What’s Next?

Madison Pacific Properties Inc. (TSE:MPC) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$4.94 and traded as low as C$4.90. Madison Pacific Properties shares last traded at C$4.90, with a volume of 103 shares trading hands.

Madison Pacific Properties Stock Performance

The company has a debt-to-equity ratio of 73.53, a quick ratio of 0.43 and a current ratio of 0.18. The stock’s 50-day moving average is C$4.94 and its 200 day moving average is C$5.27. The firm has a market cap of C$276.05 million, a P/E ratio of -6.60 and a beta of 0.36.

Insider Activity at Madison Pacific Properties

In related news, insider Madison Venture Corporation bought 5,500 shares of Madison Pacific Properties stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of C$5.31 per share, with a total value 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.