Genesis Land Development (TSE:GDC) Stock Price Passes Above 50-Day Moving Average of $2.83

Genesis Land Development Corp. (TSE:GDC)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.83 and traded as high as C$3.13. Genesis Land Development shares last traded at C$3.02, with a volume of 15,655 shares changing hands.

Genesis Land Development Trading Down 6.2 %

The firm’s 50-day simple moving average is C$2.83 and its 200 day simple moving average is C$2.50. The stock has a market cap of C$171.51 million, a P/E ratio of 11.62 and a beta of 1.02. The company has a current ratio of 5.01, a quick ratio of 0.80 and a debt-to-equity ratio of 43.25.

Genesis Land Development (TSE:GDC) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. Genesis Land Development had a return on equity of 6.00% and a net margin of 7.14%. The business had revenue of C$71.60 million during the quarter.

About Genesis Land Development

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments: Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders; and sells lots and completed homes.