Melcor Developments (TSE:MRD) Stock Passes Above 200 Day Moving Average – Time to Sell?

Melcor Developments Ltd. (TSE:MRD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.66 and traded as high as C$12.80. Melcor Developments shares last traded at C$12.79, with a volume of 3,277 shares traded.

Melcor Developments Trading Up 0.4 %

The stock has a 50-day moving average price of C$12.75 and a two-hundred day moving average price of C$12.67. The stock has a market capitalization of C$391.36 million, a PE ratio of 5.24 and a beta of 1.41. The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79.

Melcor Developments (TSE:MRD) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($1.15) earnings per share for the quarter. Melcor Developments had a net margin of 22.59% and a return on equity of 5.96%. As a group, equities analysts forecast that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Friday, December 13th. Melcor Developments’s dividend payout ratio is currently 17.96%.

Insider Activity at Melcor Developments

In other Melcor Developments news, Senior Officer Susan Keating sold 3,800 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$12.65, for a total value of C$48,084.06. In the last 90 days, insiders have sold 3,818 shares of company stock valued at $48,314. 65.20% of the stock is owned by company insiders.

About Melcor Developments

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.