Melcor Developments (TSE:MRD) Shares Cross Above 200 Day Moving Average - Should You Sell?

Shares of Melcor Developments Ltd. (TSE:MRD - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.21 and traded as high as C$13.16. Melcor Developments shares last traded at C$13.10, with a volume of 5,900 shares changing hands.

Melcor Developments Stock Up 0.8 %

The stock has a market capitalization of C$402.34 million, a P/E ratio of 5.35 and a beta of 1.41. The company has a debt-to-equity ratio of 51.55, a current ratio of 12.79 and a quick ratio of 2.65. The stock has a fifty day moving average price of C$12.96 and a 200 day moving average price of C$12.21.

Melcor Developments (TSE:MRD - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported C$0.76 earnings per share for the quarter. Melcor Developments had a return on equity of 5.96% and a net margin of 22.59%. The business had revenue of C$69.71 million during the quarter. On average, research analysts forecast that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, September 13th. Melcor Developments's dividend payout ratio is presently 17.96%.

Melcor Developments Company Profile

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.