MCAN Mortgage (TSE:MKP) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

MCAN Mortgage Co. (TSE:MKP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.12 and traded as high as C$18.54. MCAN Mortgage shares last traded at C$18.43, with a volume of 33,741 shares traded.

MCAN Mortgage Stock Performance

The firm has a market cap of C$722.79 million, a P/E ratio of 7.91 and a beta of 0.85. The business's 50-day simple moving average is C$18.40 and its 200 day simple moving average is C$18.16.

MCAN Mortgage (TSE:MKP - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported C$0.70 earnings per share (EPS) for the quarter. MCAN Mortgage had a net margin of 52.77% and a return on equity of 15.63%. As a group, equities research analysts expect that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.

About MCAN Mortgage

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.