MCAN Mortgage Co. (TSE:MKP - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as C$18.89 and last traded at C$18.89, with a volume of 6384 shares changing hands. The stock had previously closed at C$18.78.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$19.00 price target on shares of MCAN Mortgage and gave the stock a "buy" rating in a research note on Tuesday, October 15th.
Get Our Latest Stock Analysis on MCAN Mortgage
MCAN Mortgage Price Performance
The stock has a 50-day simple moving average of C$17.85 and a 200 day simple moving average of C$16.74. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of C$705.78 million, a P/E ratio of 8.46 and a beta of 0.85.
MCAN Mortgage (TSE:MKP - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts forecast that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.
MCAN Mortgage Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.43%. The ex-dividend date was Friday, September 13th. MCAN Mortgage's payout ratio is presently 70.91%.
MCAN Mortgage Company Profile
(
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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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