Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Shares Gap Down – Here’s Why

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) gapped down before the market opened on Wednesday. The stock had previously closed at $44.97, but opened at $42.13. Boardwalk Real Estate Investment Trust shares last traded at $42.13, with a volume of 100 shares traded.

Boardwalk Real Estate Investment Trust Trading Down 4.1%

The firm has a market capitalization of $1.91 billion, a PE ratio of -39.01 and a beta of 0.88. The company’s 50-day simple moving average is $43.87 and its 200 day simple moving average is $46.49. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.62.

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) last announced its earnings results on Tuesday, November 3rd. The financial services provider reported $0.14 earnings per share for the quarter. Boardwalk Real Estate Investment Trust had a negative return on equity of 1.00% and a negative net margin of 7.44%. The firm had revenue of $114.21 million for the quarter.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust is a Canadian real estate investment trust focused on owning, operating and managing multi-family residential properties. Its services include apartment leasing and property management, supported by resident amenities and online tools for rental applications, payments and service requests. The trust serves renters in several Canadian markets, including Alberta, British Columbia, Saskatchewan, Ontario and Quebec. Its residential communities are marketed under brands such as Boardwalk Living, Boardwalk Communities and Boardwalk Lifestyle.