MCAN Mortgage (TSE:MKP) Shares Pass Above 200 Day Moving Average of $16.00

Shares of MCAN Mortgage Co. (TSE:MKP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.00 and traded as high as C$16.11. MCAN Mortgage shares last traded at C$16.00, with a volume of 21,363 shares trading hands.

MCAN Mortgage Price Performance

The firm has a market capitalization of C$605.92 million, a price-to-earnings ratio of 7.27 and a beta of 0.83. The company has a quick ratio of 1.97, a current ratio of 1.63 and a debt-to-equity ratio of 366.36. The stock’s 50-day moving average price is C$15.90 and its 200 day moving average price is C$16.00.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings results on Monday, May 6th. The company reported C$0.65 EPS for the quarter. MCAN Mortgage had a return on equity of 14.29% and a net margin of 62.03%. Equities research analysts expect that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.75%. The ex-dividend date of this dividend is Friday, June 14th. MCAN Mortgage’s dividend payout ratio is presently 70.91%.

MCAN Mortgage Company Profile

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.