Melcor Developments Ltd. (TSE:MRD - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.52 and traded as high as C$12.59. Melcor Developments shares last traded at C$12.35, with a volume of 10,005 shares.
Melcor Developments Stock Up 1.2 %
The firm has a market capitalization of C$381 million, a price-to-earnings ratio of 5.10 and a beta of 1.41. The company has a quick ratio of 2.65, a current ratio of 12.79 and a debt-to-equity ratio of 51.55. The company's 50 day moving average price is C$13.08 and its 200 day moving average price is C$12.52.
Melcor Developments Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, December 13th. This represents a $0.44 annualized dividend and a yield of 3.52%. Melcor Developments's payout ratio is presently 17.96%.
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.
Read More
Before you consider Melcor Developments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melcor Developments wasn't on the list.
While Melcor Developments currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
