MCAN Mortgage (TSE:MKP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

MCAN Mortgage Co. (TSE:MKP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$21.13 and traded as high as C$22.47. MCAN Mortgage shares last traded at C$22.28, with a volume of 20,025 shares changing hands.

Analyst Ratings Changes

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

MCAN Mortgage Stock Down 0.4%

The stock’s fifty day simple moving average is C$21.92 and its 200 day simple moving average is C$21.13. The firm has a market capitalization of C$896.08 million, a PE ratio of 13.50 and a beta of 0.49.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.52 earnings per share for the quarter. The firm had revenue of C$37.85 million for the quarter. MCAN Mortgage had a return on equity of 15.63% and a net margin of 52.77%. On average, analysts predict 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. The company derives most of its revenues from mortgage income and equity income.