MCAN Mortgage (TSE:MKP) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of MCAN Mortgage Co. (TSE:MKP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.02 and traded as high as C$22.31. MCAN Mortgage shares last traded at C$22.23, with a volume of 35,524 shares traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price target on MCAN Mortgage from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$21.00.

MCAN Mortgage Price Performance

The stock has a market cap of C$894.07 million, a PE ratio of 13.47 and a beta of 0.49. The company’s fifty day moving average is C$21.72 and its 200-day moving average is C$21.02.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.52 EPS for the quarter. The company had revenue of C$37.85 million for the quarter. MCAN Mortgage had a net margin of 52.77% and a return on equity of 15.63%. Analysts expect that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.

About MCAN Mortgage

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments.