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MCAN Mortgage (TSE:MKP) Hits New 12-Month High - Here's What Happened

MCAN Mortgage logo with Financial Services background

MCAN Mortgage Co. (TSE:MKP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$18.29 and last traded at C$18.25, with a volume of 5887 shares. The stock had previously closed at C$18.17.

MCAN Mortgage Stock Up 0.3 %

The stock has a market cap of C$695.47 million, a price-to-earnings ratio of 8.29 and a beta of 0.85. The stock has a 50 day simple moving average of C$17.58 and a 200 day simple moving average of C$16.57. 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 (TSE:MKP - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a net margin of 61.99% and a return on equity of 14.76%. As a group, analysts expect that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend was Friday, September 13th. MCAN Mortgage's payout ratio is presently 70.91%.

MCAN Mortgage Company Profile

(Get Free Report)

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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