Firm Capital Mortgage Investment (TSE:FC) Stock Price Crosses Above Fifty Day Moving Average of $14.32

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Firm Capital Mortgage Investment Corp (TSE:FC)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.32 and traded as high as $14.63. Firm Capital Mortgage Investment shares last traded at $14.49, with a volume of 32,719 shares changing hands.

Separately, TD Securities boosted their price target on Firm Capital Mortgage Investment from C$13.50 to C$14.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.

The business’s 50 day moving average is C$14.33 and its two-hundred day moving average is C$13.88. The company has a quick ratio of 12.44, a current ratio of 12.45 and a debt-to-equity ratio of 56.12. The firm has a market capitalization of $412.66 million and a P/E ratio of 14.81.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a $0.078 dividend. This represents a $0.94 annualized dividend and a yield of 6.46%. The ex-dividend date is Thursday, November 28th. Firm Capital Mortgage Investment’s payout ratio is currently 95.71%.

Firm Capital Mortgage Investment Company Profile (TSE:FC)

Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market services, and loan servicing and advisory services; lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situations loans; and various types of lending facilities to mortgage brokers.

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