Melcor Developments (TSE:MRD) Stock Passes Above 200-Day Moving Average of $11.45

Melcor Developments Ltd. (TSE:MRDGet Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.45 and traded as high as C$11.85. Melcor Developments shares last traded at C$11.85, with a volume of 3,317 shares trading hands.

Melcor Developments Price Performance

The company has a debt-to-equity ratio of 53.05, a current ratio of 10.17 and a quick ratio of 2.65. The stock’s 50 day moving average price is C$11.53 and its two-hundred day moving average price is C$11.45. The firm has a market capitalization of C$362.37 million, a price-to-earnings ratio of 5.84 and a beta of 1.39.

Melcor Developments (TSE:MRDGet Free Report) last released its earnings results on Wednesday, March 13th. The company reported C$0.34 earnings per share 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%. On average, equities research analysts anticipate that Melcor Developments Ltd. will post 2.2519084 EPS for the current year.

Melcor Developments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.44 annualized dividend and a yield of 3.71%. Melcor Developments’s payout ratio is 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.

Further Reading

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