Madison Pacific Properties (TSE:MPC) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Madison Pacific Properties Inc. (TSE:MPC) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.19 and traded as low as C$4.84. Madison Pacific Properties shares last traded at C$4.84, with a volume of 900 shares.

Madison Pacific Properties Price Performance

The company has a quick ratio of 0.43, a current ratio of 0.29 and a debt-to-equity ratio of 70.03. The business’s 50-day moving average is C$5.19 and its two-hundred day moving average is C$5.36. The stock has a market capitalization of C$35.62 million, a price-to-earnings ratio of -5.63 and a beta of 0.36.

Insider Transactions at Madison Pacific Properties

In related news, insider Madison Venture Corporation purchased 5,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was purchased at an average price of C$5.31 per share, for a total transaction of C$29,205.00. 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.