True North Commercial REIT (TSE:TNT.UN) Shares Cross Above 50-Day Moving Average – Should You Sell?

True North Commercial REIT (TSE:TNT.UN)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$9.00 and traded as high as C$10.16. True North Commercial REIT shares last traded at C$10.12, with a volume of 16,659 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on shares of True North Commercial REIT from C$12.00 to C$11.00 and set a “hold” rating for the company in a research note on Thursday, March 20th.

True North Commercial REIT Stock Down 1.8 %

The business has a fifty day moving average price of C$9.01 and a two-hundred day moving average price of C$10.71. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The company has a market cap of C$143.73 million, a price-to-earnings ratio of -3.07 and a beta of 1.57.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.