MCAN Mortgage (TSE:MKP) Stock Price Crosses Above 200 Day Moving Average of $15.92

MCAN Mortgage Co. (TSE:MKP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.92 and traded as high as C$16.01. MCAN Mortgage shares last traded at C$15.86, with a volume of 49,438 shares trading hands.

MCAN Mortgage Stock Up 0.3 %

The firm has a market capitalization of C$602.13 million, a price-to-earnings ratio of 7.23 and a beta of 0.83. The business’s 50-day moving average is C$15.73 and its two-hundred day moving average is C$15.92. The company has a debt-to-equity ratio of 366.36, a quick ratio of 1.97 and a current ratio of 2.06.

MCAN Mortgage (TSE:MKP) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.56 earnings per share for the quarter. MCAN Mortgage had a net margin of 62.03% and a return on equity of 14.29%. On average, equities analysts anticipate that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

MCAN Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.81%. MCAN Mortgage’s dividend payout ratio is 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.