MCAN Mortgage Co. (TSE:MKP - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.03 and traded as high as C$18.66. MCAN Mortgage shares last traded at C$18.59, with a volume of 36,171 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group set a C$19.00 target price on shares of MCAN Mortgage and gave the stock a "buy" rating in a report on Tuesday, October 15th.
View Our Latest Analysis on MCAN Mortgage
MCAN Mortgage Stock Performance
The firm has a market cap of C$700.43 million, a P/E ratio of 8.35 and a beta of 0.85. The business's fifty day simple moving average is C$18.57 and its 200-day simple moving average is C$18.07. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58.
MCAN Mortgage (TSE:MKP - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported C$0.70 EPS for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. As a group, sell-side analysts expect that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.
MCAN Mortgage Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 8.50%. The ex-dividend date was Friday, December 13th. MCAN Mortgage's dividend payout ratio (DPR) is currently 70.91%.
About MCAN Mortgage
(
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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.
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