Melcor Developments (TSE:MRD) Stock Price Passes Above Two Hundred Day Moving Average of $11.26

Shares of Melcor Developments Ltd. (TSE:MRD – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.26 and traded as high as C$12.00. Melcor Developments shares last traded at C$12.00, with a volume of 200 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their price objective on shares of Melcor Developments from C$15.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Monday, November 14th.

Melcor Developments Trading Down 0.1 %

The firm has a market cap of C$384.72 million, a P/E ratio of 4.08 and a beta of 1.40. The company has a quick ratio of 2.65, a current ratio of 12.49 and a debt-to-equity ratio of 62.04. The firm’s 50-day simple moving average is C$11.59 and its 200 day simple moving average is C$11.26.

Melcor Developments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were paid a $0.15 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. Melcor Developments’s payout ratio is 20.41%.

About Melcor Developments

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Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.