Melcor Developments (TSE:MRD) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Melcor Developments Ltd. (TSE:MRD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.53 and traded as low as C$12.22. Melcor Developments shares last traded at C$12.50, with a volume of 5,800 shares changing hands.

Melcor Developments Stock Up 1.8 %

The business’s 50 day moving average is C$12.97 and its 200 day moving average is C$12.53. The company has a market cap of C$381 million, a P/E ratio of 5.10 and a beta of 1.41. The company has a quick ratio of 2.65, a current ratio of 12.79 and a debt-to-equity ratio of 51.55.

Melcor Developments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, December 13th. Melcor Developments’s dividend payout ratio is currently 17.96%.

Melcor Developments Company Profile

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.