Mainstreet Equity (TSE:MEQ) Shares Pass Above 200 Day Moving Average of $121.42

Mainstreet Equity Corp. (TSE:MEQGet Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$121.42 and traded as high as C$129.00. Mainstreet Equity shares last traded at C$129.00, with a volume of 8,014 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MEQ shares. Atb Cap Markets upgraded Mainstreet Equity from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 13th. ATB Capital boosted their price target on Mainstreet Equity from C$135.00 to C$155.00 in a research report on Wednesday, February 15th.

Mainstreet Equity Stock Down 0.1 %

The company has a debt-to-equity ratio of 117.39, a current ratio of 0.39 and a quick ratio of 0.81. The stock has a market capitalization of C$1.20 billion, a P/E ratio of 10.01 and a beta of 1.53. The firm has a 50 day moving average of C$131.75 and a 200-day moving average of C$121.42.

Mainstreet Equity (TSE:MEQGet Rating) last released its quarterly earnings data on Tuesday, December 13th. The company reported C$6.03 earnings per share for the quarter, beating the consensus estimate of C$1.69 by C$4.34. Mainstreet Equity had a return on equity of 10.57% and a net margin of 66.14%. The company had revenue of C$47.40 million for the quarter, compared to analyst estimates of C$47.37 million. On average, equities research analysts expect that Mainstreet Equity Corp. will post 5.0452786 earnings per share for the current fiscal year.

About Mainstreet Equity

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Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of multi-family residential properties in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg. As of September 30, 2022, it had a total portfolio of 15,891 residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and four freestanding commercial buildings.

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