Mainstreet Equity (TSE:MEQ) Sets New 1-Year Low – Should You Sell?

Mainstreet Equity Corp. (TSE:MEQ) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$172.70 and last traded at C$174.00, with a volume of 3432 shares trading hands. The stock had previously closed at C$174.22.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MEQ. Acumen Capital dropped their price target on shares of Mainstreet Equity from C$250.00 to C$248.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. ATB Cormark Capital Markets increased their target price on shares of Mainstreet Equity from C$240.00 to C$245.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$246.50.

Mainstreet Equity Trading Up 1.3%

The company has a quick ratio of 0.81, a current ratio of 0.51 and a debt-to-equity ratio of 109.80. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 6.01 and a beta of 0.50. The business has a 50-day moving average of C$178.22 and a two-hundred day moving average of C$185.87.

Mainstreet Equity (TSE:MEQ) last announced its quarterly earnings data on Monday, December 15th. The company reported C$9.95 EPS for the quarter. The company had revenue of C$70.45 million during the quarter. Mainstreet Equity had a return on equity of 12.68% and a net margin of 72.44%. Research analysts predict that Mainstreet Equity Corp. will post 8.1910619 EPS for the current fiscal year.

Mainstreet Equity Company Profile

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.