MCAN Mortgage (TSE:MKP) Stock Price Passes Above 200 Day Moving Average of $15.84

MCAN Mortgage Co. (TSE:MKP)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.84 and traded as high as C$15.89. MCAN Mortgage shares last traded at C$15.75, with a volume of 30,522 shares.

MCAN Mortgage Stock Performance

The stock has a 50-day simple moving average of C$16.12 and a 200-day simple moving average of C$15.84. The company has a market capitalization of C$595.82 million, a price-to-earnings ratio of 7.09 and a beta of 0.83. The company has a current ratio of 1.83, a quick ratio of 1.97 and a debt-to-equity ratio of 372.90.

MCAN Mortgage (TSE:MKP) last announced its earnings results on Monday, February 26th. The company reported C$0.56 earnings per share (EPS) for the quarter. MCAN Mortgage had a return on equity of 15.18% and a net margin of 62.53%. On average, analysts anticipate that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

MCAN Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.39 per share. This is a positive change from MCAN Mortgage’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 9.90%. The ex-dividend date of this dividend was Thursday, March 14th. MCAN Mortgage’s dividend payout ratio is currently 70.27%.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.