MCAN Mortgage Co. (TSE:MKP - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$18.88 and last traded at C$18.88, with a volume of 14040 shares. The stock had previously closed at C$18.68.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$19.00 target price on MCAN Mortgage and gave the stock a "buy" rating in a research note on Tuesday.
View Our Latest Stock Report on MCAN Mortgage
MCAN Mortgage Price Performance
The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58. The firm has a fifty day moving average of C$17.66 and a two-hundred day moving average of C$16.64. The company has a market capitalization of C$701.96 million, a PE ratio of 8.35 and a beta of 0.85.
MCAN Mortgage (TSE:MKP - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. Research analysts anticipate that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal year.
MCAN Mortgage Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend was Friday, September 13th. MCAN Mortgage's 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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