MCAN Mortgage (TSE:MKP) Stock Passes Above 200-Day Moving Average of $15.98

Shares of MCAN Mortgage Co. (TSE:MKPGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.98 and traded as high as C$16.58. MCAN Mortgage shares last traded at C$16.56, with a volume of 58,496 shares traded.

MCAN Mortgage Price Performance

The company’s 50-day simple moving average is C$15.82 and its 200-day simple moving average is C$15.98. The company has a debt-to-equity ratio of 366.36, a current ratio of 1.63 and a quick ratio of 1.97. The stock has a market capitalization of C$627.13 million, a price-to-earnings ratio of 7.53 and a beta of 0.83.

MCAN Mortgage (TSE:MKPGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.65 earnings per share for the quarter. MCAN Mortgage had a net margin of 62.03% and a return on equity of 14.29%. Research analysts forecast that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.39 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.42%. MCAN Mortgage’s payout ratio is 70.91%.

About MCAN Mortgage

(Get Free Report)

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.

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