MCAN Mortgage (TSE:MKP) Share Price Passes Above 200-Day Moving Average – What’s Next?

MCAN Mortgage Co. (TSE:MKP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.84 and traded as high as C$18.15. MCAN Mortgage shares last traded at C$18.05, with a volume of 30,921 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$19.00 price target on shares of MCAN Mortgage and gave the company a “buy” rating in a research report on Tuesday, October 15th.

MCAN Mortgage Trading Up 0.9 %

The company’s 50 day simple moving average is C$18.72 and its two-hundred day simple moving average is C$17.86. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 373.58. The company has a market capitalization of C$699.29 million, a price-to-earnings ratio of 8.33 and a beta of 0.85.

MCAN Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.51%. MCAN Mortgage’s payout ratio is 70.91%.

About MCAN Mortgage

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.