Melcor Developments (TSE:MRD) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Melcor Developments Ltd. (TSE:MRD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.08 and traded as high as C$16.27. Melcor Developments shares last traded at C$16.24, with a volume of 15,952 shares.

Melcor Developments Stock Performance

The stock has a market capitalization of C$488.99 million, a PE ratio of 8.46 and a beta of 0.58. The firm’s fifty day moving average is C$15.57 and its 200-day moving average is C$15.08. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41.

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

Melcor Developments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.2%. Melcor Developments’s dividend payout ratio is presently 23.96%.

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.