Firm Capital Mortgage Investment (TSE:FC) Stock Passes Below 200 Day Moving Average of $11.07

Shares of Firm Capital Mortgage Investment Co. (TSE:FC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.07 and traded as low as C$10.54. Firm Capital Mortgage Investment shares last traded at C$10.60, with a volume of 16,830 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price objective on shares of Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Monday, March 25th.

Firm Capital Mortgage Investment Stock Down 1.3 %

The stock has a market capitalization of C$365.59 million, a P/E ratio of 10.82 and a beta of 1.03. The company’s 50-day moving average price is C$10.87 and its 200 day moving average price is C$11.07. The company has a debt-to-equity ratio of 45.79, a quick ratio of 17.11 and a current ratio of 10.05.

Firm Capital Mortgage Investment (TSE:FC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$16.29 million for the quarter. Firm Capital Mortgage Investment had a net margin of 73.49% and a return on equity of 8.56%. As a group, equities analysts expect that Firm Capital Mortgage Investment Co. will post 1.0308989 earnings per share for the current year.

Firm Capital Mortgage Investment Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a dividend of $0.078 per share. The ex-dividend date was Monday, April 29th. This represents a $0.94 annualized dividend and a yield of 8.83%. Firm Capital Mortgage Investment’s payout ratio is 95.92%.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments.