MCAN Mortgage (TSE:MKP) Stock Passes Above Two Hundred Day Moving Average of $16.00

MCAN Mortgage Co. (TSE:MKP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.00 and traded as high as C$16.11. MCAN Mortgage shares last traded at C$16.00, with a volume of 21,363 shares.

MCAN Mortgage Stock Up 0.3 %

The company’s 50 day moving average price is C$15.92 and its 200 day moving average price is C$16.01. The company has a quick ratio of 1.97, a current ratio of 1.63 and a debt-to-equity ratio of 366.36. The firm has a market capitalization of C$609.71 million, a price-to-earnings ratio of 7.32 and a beta of 0.83.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.65 EPS for the quarter. MCAN Mortgage had a net margin of 62.03% and a return on equity of 14.29%. As a group, research analysts forecast that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 9.69%. MCAN Mortgage’s dividend payout ratio is presently 70.91%.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.