Melcor Developments (TSE:MRD) Share Price Passes Above 200 Day Moving Average of $11.49

Shares of Melcor Developments Ltd. (TSE:MRD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.49 and traded as high as C$11.56. Melcor Developments shares last traded at C$11.56, with a volume of 8,060 shares traded.

Melcor Developments Price Performance

The company has a current ratio of 10.17, a quick ratio of 2.65 and a debt-to-equity ratio of 53.05. The business’s 50-day simple moving average is C$11.63 and its 200 day simple moving average is C$11.49. The company has a market capitalization of C$353.50 million, a P/E ratio of 5.69 and a beta of 1.39.

Melcor Developments (TSE:MRD) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$0.42 earnings per share (EPS) for the quarter. Melcor Developments had a net margin of 19.98% and a return on equity of 5.01%. The business had revenue of C$49.75 million for the quarter. As a group, sell-side analysts anticipate that Melcor Developments Ltd. will post 2.2519084 EPS for the current year.

Melcor Developments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Friday, June 14th. Melcor Developments’s payout ratio is presently 21.67%.

About Melcor Developments

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.