Melcor Developments (TSE:MRD) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Melcor Developments Ltd. (TSE:MRD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.28 and traded as high as C$15.16. Melcor Developments shares last traded at C$15.16, with a volume of 3,613 shares.

Melcor Developments Stock Performance

The stock has a market capitalization of C$457.73 million, a P/E ratio of 48.90 and a beta of 0.70. The company’s 50-day moving average is C$14.34 and its two-hundred day moving average is C$13.28. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41.

Melcor Developments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a $0.11 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.9%. Melcor Developments’s dividend payout ratio (DPR) is presently 141.94%.

Melcor Developments Company Profile

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.