Melcor Developments (TSE:MRD) Hits New 12-Month High – Should You Buy?

Melcor Developments Ltd. (TSE:MRD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$15.54 and last traded at C$15.49, with a volume of 5452 shares traded. The stock had previously closed at C$15.50.

Melcor Developments Price Performance

The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. The firm has a market capitalization of C$466.71 million, a price-to-earnings ratio of 8.07 and a beta of 0.57. The stock has a 50 day moving average of C$14.87 and a 200 day moving average of C$14.55.

Melcor Developments (TSE:MRD) last released its earnings results on Thursday, November 6th. The company reported C$0.46 EPS for the quarter. Melcor Developments had a return on equity of 0.94% and a net margin of 3.77%.The company had revenue of C$72.54 million for the quarter. As a group, analysts expect that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current fiscal year.

Melcor Developments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.4%. Melcor Developments’s payout ratio is presently 23.96%.

Insider Buying and Selling at Melcor Developments

In other Melcor Developments news, Director Timothy Charles Melton bought 3,200 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were bought at an average cost of C$15.01 per share, with a total value of C$48,032.00. Following the completion of the acquisition, the director owned 2,300,494 shares of the company’s stock, valued at approximately C$34,530,414.94. This trade represents a 0.14% increase in their ownership of the stock. Company insiders own 65.20% of the company’s stock.

Melcor Developments Company Profile

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.