Artis Real Estate Investment Trust Unit (TSE:AX.UN) Shares Pass Below Two Hundred Day Moving Average of $6.41

Artis Real Estate Investment Trust Unit (TSE:AX.UN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.41 and traded as low as C$6.32. Artis Real Estate Investment Trust Unit shares last traded at C$6.41, with a volume of 101,842 shares.

Analysts Set New Price Targets

Separately, Scotiabank boosted their target price on Artis Real Estate Investment Trust Unit from C$6.50 to C$7.00 in a research note on Monday, May 6th.

Artis Real Estate Investment Trust Unit Stock Performance

The company has a debt-to-equity ratio of 112.94, a quick ratio of 0.07 and a current ratio of 1.00. The stock has a market cap of C$696.81 million, a P/E ratio of -2.20 and a beta of 1.09. The stock has a fifty day simple moving average of C$6.47 and a 200-day simple moving average of C$6.41.

About Artis Real Estate Investment Trust Unit

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.