InterRent Real Estate Investment Trust (TSE:IIP.UN) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

InterRent Real Estate Investment Trust (TSE:IIP.UN) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$13.31 and traded as high as C$13.40. InterRent Real Estate Investment Trust shares last traded at C$13.40, with a volume of 262,155 shares.

InterRent Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$1.88 billion, a P/E ratio of -18.78 and a beta of 0.53. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The company has a 50-day moving average price of C$13.31 and a two-hundred day moving average price of C$13.32.

About InterRent Real Estate Investment Trust

InterRent¿REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution¿through the acquisition and ownership of multi-residential properties. InterRent’s strategy is to expand its portfolio primarily within¿markets that have exhibited stable market vacancies,¿sufficient suites available to attain the critical mass necessary to implement¿an efficient portfolio management structure, and¿offer opportunities for accretive acquisitions.