Firm Capital Mortgage Investment (TSE:FC) Stock Crosses Below 200 Day Moving Average of $11.08

Shares of Firm Capital Mortgage Investment Co. (TSE:FC) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.08 and traded as low as C$10.79. Firm Capital Mortgage Investment shares last traded at C$10.89, with a volume of 25,276 shares traded.

Analyst Ratings Changes

Separately, TD Securities lifted their price objective on Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Monday, March 25th.

Firm Capital Mortgage Investment Price Performance

The company has a debt-to-equity ratio of 45.79, a current ratio of 10.05 and a quick ratio of 17.11. The stock has a 50 day moving average price of C$10.79 and a two-hundred day moving average price of C$11.08. The firm has a market capitalization of C$373.87 million, a price-to-earnings ratio of 11.06 and a beta of 1.03.

Firm Capital Mortgage Investment (TSE:FC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.25 earnings per share for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.56% and a net margin of 73.49%. The business had revenue of C$16.29 million during the quarter. As a group, analysts expect that Firm Capital Mortgage Investment Co. will post 1.0308989 EPS for the current year.

Firm Capital Mortgage Investment Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were issued a $0.078 dividend. The ex-dividend date was Monday, April 29th. This represents a $0.94 dividend on an annualized basis and a yield of 8.63%. Firm Capital Mortgage Investment’s dividend payout ratio (DPR) is presently 95.92%.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments.