MCAN Mortgage (TSE:MKP) Stock Crosses Above 200 Day Moving Average of $15.92

MCAN Mortgage Co. (TSE:MKP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.92 and traded as high as C$16.31. MCAN Mortgage shares last traded at C$16.31, with a volume of 22,835 shares traded.

MCAN Mortgage Price Performance

The business’s fifty day moving average is C$16.27 and its 200-day moving average is C$15.92. The company has a debt-to-equity ratio of 363.90, a current ratio of 1.89 and a quick ratio of 1.97. The firm has a market cap of C$571.99 million, a PE ratio of 7.22 and a beta of 0.96.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings data on Tuesday, August 8th. The company reported C$0.46 earnings per share (EPS) for the quarter. MCAN Mortgage had a net margin of 63.35% and a return on equity of 15.65%. On average, research analysts predict that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.38 dividend. This is an increase from MCAN Mortgage’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.32%. MCAN Mortgage’s dividend payout ratio (DPR) is presently 67.26%.

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.