Melcor Developments (TSE:MRD) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Melcor Developments Ltd. (TSE:MRD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.63 and traded as high as C$14.27. Melcor Developments shares last traded at C$14.25, with a volume of 20,779 shares traded.

Melcor Developments Trading Up 2.6%

The company’s fifty day moving average is C$12.61 and its two-hundred day moving average is C$12.63. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. The stock has a market cap of C$432.40 million, a price-to-earnings ratio of 37.81 and a beta of 1.41.

Melcor Developments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 28th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, March 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.09%. Melcor Developments’s payout ratio is currently 116.76%.

About Melcor Developments

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.