MCAN Mortgage (TSE:MKP) Stock Crosses Above 200 Day Moving Average – Time to Sell?

MCAN Mortgage Co. (TSE:MKP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.57 and traded as high as C$18.04. MCAN Mortgage shares last traded at C$17.85, with a volume of 45,561 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$19.00 price objective on shares of MCAN Mortgage and gave the company a “buy” rating in a research report on Tuesday, October 15th.

MCAN Mortgage Trading Down 0.5 %

The stock has a market capitalization of C$680.98 million, a PE ratio of 8.11 and a beta of 0.85. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50-day moving average price of C$18.84 and a two-hundred day moving average price of C$17.57.

MCAN Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date of this dividend is Friday, December 13th. MCAN Mortgage’s dividend payout ratio is currently 70.91%.

MCAN Mortgage Company Profile

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.