MCAN Mortgage Co. (TSE:MKP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.75 and traded as high as C$18.75. MCAN Mortgage shares last traded at C$18.28, with a volume of 83,674 shares traded.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a C$19.00 price objective on shares of MCAN Mortgage and gave the stock a "buy" rating in a research report on Tuesday, October 15th.
Read Our Latest Research Report on MCAN Mortgage
MCAN Mortgage Price Performance
The business has a 50-day moving average of C$18.77 and a 200 day moving average of C$17.75. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58. The firm has a market capitalization of C$690.52 million, a P/E ratio of 8.23 and a beta of 0.85.
MCAN Mortgage Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date was Friday, December 13th. MCAN Mortgage's dividend payout ratio is currently 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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