Madison Pacific Properties (TSE:MPC) Sets New 12-Month Low – Time to Sell?

Madison Pacific Properties Inc. (TSE:MPC) reached a new 52-week low on Tuesday . The stock traded as low as C$4.50 and last traded at C$4.98, with a volume of 1300 shares. The stock had previously closed at C$4.98.

Madison Pacific Properties Stock Performance

The stock has a fifty day simple moving average of C$4.97 and a two-hundred day simple moving average of C$5.28. The company has a debt-to-equity ratio of 73.53, a quick ratio of 0.43 and a current ratio of 0.18. The stock has a market cap of C$280.56 million, a price-to-earnings ratio of -6.71 and a beta of 0.36.

Insider Activity at Madison Pacific Properties

In related news, insider Madison Venture Corporation bought 5,500 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were purchased at an average price of C$5.31 per share, with a total value of C$29,205.00. 75.09% of the stock is currently owned by insiders.

About Madison Pacific Properties

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.