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$16.96 and traded as high as C$18.50. MCAN Mortgage shares last traded at C$18.50, with a volume of 79,784 shares changing hands.
Analysts Set New Price Targets
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 research report on Tuesday, October 15th.
Check Out Our Latest Stock Report on MKP
MCAN Mortgage Stock Performance
The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 373.58. The stock has a fifty day moving average price of C$18.10 and a two-hundred day moving average price of C$16.96. The company has a market capitalization of C$702.72 million, a price-to-earnings ratio of 8.41 and a beta of 0.85.
MCAN Mortgage (TSE:MKP - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported C$0.52 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, analysts forecast that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal year.
MCAN Mortgage Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.56 annualized dividend and a yield of 8.47%. MCAN Mortgage's dividend payout ratio (DPR) is presently 70.91%.
About MCAN Mortgage
(
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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