True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above 50-Day Moving Average of $9.54

True North Commercial REIT (TSE:TNT.UN) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$9.54 and traded as high as C$13.18. True North Commercial REIT shares last traded at C$13.08, with a volume of 64,474 shares.

Analyst Ratings Changes

Separately, Raymond James upped their target price on shares of True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday, September 6th.

True North Commercial REIT Stock Up 3.5 %

The company has a market capitalization of C$189.14 million, a PE ratio of -4.04 and a beta of 1.53. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The firm’s 50-day simple moving average is C$9.63 and its 200 day simple moving average is C$9.18.

About True North Commercial REIT

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.