Madison Pacific Properties (TSE:MPC) Shares Down 6.6% – Should You Sell?

Madison Pacific Properties Inc. (TSE:MPCGet Free Report) was down 6.6% during trading on Thursday . The stock traded as low as C$4.63 and last traded at C$4.95. Approximately 2,900 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 1,386 shares. The stock had previously closed at C$5.30.

Madison Pacific Properties Stock Performance

The company has a 50 day moving average of C$5.01 and a 200 day moving average of C$5.13. The company has a debt-to-equity ratio of 83.92, a quick ratio of 0.43 and a current ratio of 0.23. The stock has a market capitalization of C$294.34 million, a price-to-earnings ratio of 9.52 and a beta of 0.29.

About Madison Pacific Properties

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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. The company derives its revenue from rental operations and property management.

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