MCAN Mortgage Co. (TSE:MKP - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.19 and traded as high as C$19.62. MCAN Mortgage shares last traded at C$19.35, with a volume of 47,178 shares.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a C$19.00 price objective on shares of MCAN Mortgage and gave the company a "buy" rating in a report on Tuesday, October 15th.
Read Our Latest Analysis on MKP
MCAN Mortgage Price Performance
The firm has a market capitalization of C$738.20 million, a PE ratio of 8.80 and a beta of 0.85. The firm's fifty day moving average price is C$18.39 and its 200 day moving average price is C$17.19. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 8.06%. MCAN Mortgage's payout ratio is 70.91%.
MCAN Mortgage Company Profile
(
Get Free Report)
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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