Timbercreek Financial (TSE:TF) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Timbercreek Financial Corp. (TSE:TF) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.09 and traded as low as C$5.55. Timbercreek Financial shares last traded at C$5.55, with a volume of 265,553 shares.

Analyst Ratings Changes

A number of analysts have commented on the company. Raymond James Financial reduced their target price on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a report on Thursday, July 30th. Canaccord Genuity Group reduced their target price on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a report on Thursday, July 30th. TD decreased their price objective on Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, National Bank Financial dropped their target price on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$6.62.

Timbercreek Financial Price Performance

The stock has a market capitalization of C$464.24 million, a PE ratio of 18.10 and a beta of 0.80. The firm’s 50-day moving average price is C$6.07 and its 200-day moving average price is C$6.44. The company has a current ratio of 1.84, a quick ratio of 145.00 and a debt-to-equity ratio of 232.22.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The firm had revenue of C$45.12 million during the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, equities analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

About Timbercreek Financial

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.