Madison Pacific Properties (TSE:MPC) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Madison Pacific Properties Inc. (TSE:MPC)’s stock price passed 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 trading hands.

Madison Pacific Properties Stock Performance

The company has a debt-to-equity ratio of 73.53, a current ratio of 0.18 and a quick ratio of 0.43. The stock has a fifty day moving average price of C$5.00 and a two-hundred day moving average price of C$5.27. The company has a market cap of C$266.47 million, a P/E ratio of -6.37 and a beta of 0.36.

Insider Buying and Selling at Madison Pacific Properties

In related news, insider Madison Venture Corporation acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of C$4.30 per share, for a total transaction of C$64,500.00. Also, Director Graziano Delucchi bought 10,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of C$4.72 per share, for a total transaction of C$49,560.00. Insiders have acquired 33,500 shares of company stock valued at $154,073 in the last quarter. Corporate insiders own 75.09% of the company’s stock.

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.