True North Commercial REIT (TSE:TNT.UN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of True North Commercial REIT (TSE:TNT.UN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.77 and traded as low as C$9.98. True North Commercial REIT shares last traded at C$10.13, with a volume of 13,257 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. CIBC raised their price target on shares of True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th. Canaccord Genuity Group boosted their price objective on True North Commercial REIT from C$9.00 to C$12.00 and gave the company a “hold” rating in a research report on Monday, September 23rd.

True North Commercial REIT Trading Up 0.5 %

The firm has a 50-day moving average of C$11.08 and a 200 day moving average of C$10.77. 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 stock has a market capitalization of C$146.48 million, a price-to-earnings ratio of -3.13 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.