Melcor Developments (TSE:MRD) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Melcor Developments Ltd. (TSE:MRD)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.52 and traded as high as C$12.59. Melcor Developments shares last traded at C$12.35, with a volume of 10,005 shares.

Melcor Developments Trading Up 1.2 %

The company has a debt-to-equity ratio of 51.55, a current ratio of 12.79 and a quick ratio of 2.65. The stock has a market cap of C$381 million, a PE ratio of 5.10 and a beta of 1.41. The company’s fifty day moving average is C$13.06 and its 200-day moving average is C$12.52.

Melcor Developments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.52%. Melcor Developments’s dividend payout ratio (DPR) is presently 17.96%.

Melcor Developments Company Profile

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.