Shares of MCAN Mortgage Co. (TSE:MKP - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.84 and traded as high as C$18.15. MCAN Mortgage shares last traded at C$18.05, with a volume of 30,921 shares trading hands.
Analyst Upgrades and Downgrades
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 note on Tuesday, October 15th.
Get Our Latest Analysis on MCAN Mortgage
MCAN Mortgage Stock Up 0.7 %
The firm has a 50-day moving average of C$18.72 and a two-hundred day moving average of C$17.86. The stock has a market capitalization of C$693.19 million, a price-to-earnings ratio of 8.26 and a beta of 0.85. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 373.58.
MCAN Mortgage Dividend Announcement
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 $0.39 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.59%. MCAN Mortgage's dividend payout ratio is 70.91%.
About MCAN Mortgage
(
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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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