Melcor Developments Ltd. (TSE:MRD - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.80 and traded as high as C$12.93. Melcor Developments shares last traded at C$12.71, with a volume of 2,789 shares traded.
Melcor Developments Trading Down 0.5 %
The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. The firm has a market cap of C$388.71 million, a P/E ratio of 33.99 and a beta of 1.41. The business's fifty day moving average is C$12.68 and its 200-day moving average is C$12.81.
Melcor Developments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.43%. Melcor Developments's dividend payout ratio is 116.76%.
Insiders Place Their Bets
In other news, Senior Officer Susan Keating sold 3,800 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$12.65, for a total value of C$48,084.06. In the last three months, insiders have sold 3,818 shares of company stock valued at $48,314. 65.20% of the stock is currently owned by company insiders.
About Melcor Developments
(
Get Free Report)
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.
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