MCAN Mortgage Co. (TSE:MKP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.85 and traded as high as C$18.57. MCAN Mortgage shares last traded at C$18.49, with a volume of 18,834 shares changing hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group set a C$19.00 target price on MCAN Mortgage and gave the stock a "buy" rating in a research report on Tuesday, October 15th.
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MCAN Mortgage Stock 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 company's 50 day moving average is C$17.99 and its 200-day moving average is C$16.86. The company has a market capitalization of C$698.15 million, a P/E ratio of 8.30 and a beta of 0.85.
MCAN Mortgage (TSE:MKP - Get Free Report) last released its 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%. Equities analysts anticipate that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal year.
MCAN Mortgage Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.52%. 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.
Further Reading
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