Timbercreek Financial (TSE:TF) Shares Cross Below 50 Day Moving Average – What’s Next?

Timbercreek Financial Corp. (TSE:TF)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$7.06 and traded as low as C$6.78. Timbercreek Financial shares last traded at C$6.79, with a volume of 191,275 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their price objective on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th.

Timbercreek Financial Price Performance

The stock has a market capitalization of C$560.31 million, a P/E ratio of 9.54 and a beta of 1.23. The business’s 50 day simple moving average is C$7.06 and its two-hundred day simple moving average is C$7.58. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.