Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $47.50 and traded as high as $51.00. Boardwalk Real Estate Investment Trust shares last traded at $51.00, with a volume of 400 shares trading hands.

Boardwalk Real Estate Investment Trust Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.49 billion, a P/E ratio of 16.50 and a beta of 0.93. The stock has a 50 day moving average of $47.50 and a 200-day moving average of $48.61.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.48 EPS for the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 6.30% and a net margin of 49.45%.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust is a Canada-based residential landlord specializing in multi-family rental apartments and manufactured home communities. The trust’s business model centers on acquiring, developing and managing residential properties that deliver stable, long-term cash flows. Boardwalk’s portfolio has historically included tens of thousands of residential suites and home sites spread across key Canadian markets.

The company’s core activities encompass property acquisition, asset management, and day-to-day property operations.