Melcor Developments (TSE:MRD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Melcor Developments Ltd. (TSE:MRD) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.07 and traded as high as C$13.30. Melcor Developments shares last traded at C$13.23, with a volume of 6,253 shares trading hands.

Melcor Developments Stock Performance

The company has a market cap of C$403.25 million, a price-to-earnings ratio of 5.40 and a beta of 1.41. The stock’s fifty day simple moving average is C$12.78 and its two-hundred day simple moving average is C$12.07. The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79.

Melcor Developments (TSE:MRD) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.76 earnings per share for the quarter. The company had revenue of C$69.71 million for the quarter. Melcor Developments had a net margin of 22.59% and a return on equity of 5.96%. Equities research analysts anticipate that Melcor Developments Ltd. will post 2.3613596 EPS for the current year.

Melcor Developments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, September 13th. Melcor Developments’s dividend payout ratio is presently 17.96%.

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.