Shares of MCAN Mortgage Co. (TSE:MKP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.93 and traded as high as C$18.63. MCAN Mortgage shares last traded at C$18.45, with a volume of 41,412 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$19.00 price target on shares of MCAN Mortgage and gave the company a "buy" rating in a report on Tuesday, October 15th.
Get Our Latest Analysis on MCAN Mortgage
MCAN Mortgage Stock Performance
The stock has a market capitalization of C$713.02 million, a P/E ratio of 8.50 and a beta of 0.85. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. The company's fifty day simple moving average is C$18.72 and its two-hundred day simple moving average is C$17.93.
MCAN Mortgage (TSE:MKP - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported C$0.70 earnings per share for the quarter. MCAN Mortgage had a net margin of 61.99% and a return on equity of 14.76%. As a group, equities analysts forecast that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.
MCAN Mortgage Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 8.35%. MCAN Mortgage's dividend payout ratio is presently 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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