Madison Pacific Properties (TSE:MPC) Sets New 52-Week Low – Time to Sell?

Madison Pacific Properties Inc. (TSE:MPCGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$4.76 and last traded at C$4.76, with a volume of 200 shares trading hands. The stock had previously closed at C$5.00.

Madison Pacific Properties Price Performance

The company has a quick ratio of 0.43, a current ratio of 0.29 and a debt-to-equity ratio of 70.03. The company has a fifty day moving average price of C$5.28 and a two-hundred day moving average price of C$5.37. The firm has a market capitalization of C$36.51 million, a price-to-earnings ratio of -5.77 and a beta of 0.36.

Insider Activity

In related news, insider Madison Venture Corporation bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of C$5.31 per share, for a total transaction of C$29,205.00. Company insiders own 75.09% of the company’s stock.

About Madison Pacific Properties

(Get Free Report)

Madison Pacific Properties Inc, together with its subsidiaries, engages in owning, developing, and managing real estate properties in Canada. The company's property portfolio comprises office, industrial, commercial, retail, and multi-family rental real estate properties located in Metro Vancouver region, British Columbia, Calgary, Edmonton, Alberta, Sudbury, Mississauga, Monetville, and Ontario.

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