MCAN Mortgage (TSE:MKP) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of MCAN Mortgage Co. (TSE:MKP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.50 and traded as high as C$19.48. MCAN Mortgage shares last traded at C$19.18, with a volume of 61,290 shares changing hands.

Analyst Ratings Changes

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

MCAN Mortgage Price Performance

The firm has a market cap of C$709.59 million, a price-to-earnings ratio of 8.72 and a beta of 0.85. The business’s 50-day moving average is C$18.84 and its 200-day moving average is C$17.51. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97.

MCAN Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, December 13th. MCAN Mortgage’s payout ratio is currently 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.