Melcor Developments (TSE:MRD) Shares Cross Below Two Hundred Day Moving Average of $11.46

Melcor Developments Ltd. (TSE:MRDGet Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.46 and traded as low as C$11.44. Melcor Developments shares last traded at C$11.45, with a volume of 2,544 shares trading hands.

Melcor Developments Stock Down 0.3 %

The company has a quick ratio of 2.65, a current ratio of 10.17 and a debt-to-equity ratio of 53.05. The firm’s 50-day moving average price is C$11.54 and its 200 day moving average price is C$11.46. The firm has a market cap of C$351.06 million, a P/E ratio of 5.64 and a beta of 1.41.

Melcor Developments (TSE:MRDGet Free Report) last posted its earnings results on Wednesday, March 13th. The company reported C$0.34 EPS for the quarter. The firm had revenue of C$125.13 million during the quarter. Melcor Developments had a net margin of 19.98% and a return on equity of 5.01%. As a group, research analysts expect that Melcor Developments Ltd. will post 2.3118712 earnings per share for the current year.

Melcor Developments Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, March 21st. Melcor Developments’s dividend payout ratio is currently 21.67%.

Melcor Developments Company Profile

(Get Free Report)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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