MCAN Mortgage (TSE:MKP) Share Price Passes Above Two Hundred Day Moving Average of $16.41

MCAN Mortgage Co. (TSE:MKP) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.41 and traded as high as C$17.91. MCAN Mortgage shares last traded at C$17.78, with a volume of 33,700 shares changing hands.

MCAN Mortgage Price Performance

The company has a market cap of C$678.31 million, a price-to-earnings ratio of 8.08 and a beta of 0.85. The company has a 50-day simple moving average of C$17.28 and a 200-day simple moving average of C$16.41. 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 (TSE:MKP) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.52 EPS for the quarter. MCAN Mortgage had a net margin of 61.99% and a return on equity of 14.76%. As a group, research analysts predict that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

MCAN Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 8.77%. MCAN Mortgage’s payout ratio is 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.