MCAN Mortgage (TSE:MKP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of MCAN Mortgage Co. (TSE:MKP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.57 and traded as high as C$18.04. MCAN Mortgage shares last traded at C$17.85, with a volume of 45,561 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$19.00 target price on shares of MCAN Mortgage and gave the company a “buy” rating in a research note on Tuesday, October 15th.

MCAN Mortgage Trading Down 0.5 %

The firm has a market capitalization of C$680.98 million, a price-to-earnings ratio of 8.11 and a beta of 0.85. The company has a debt-to-equity ratio of 373.58, a current ratio of 1.97 and a quick ratio of 1.97. The business’s 50-day moving average price is C$18.84 and its 200 day moving average price is C$17.57.

MCAN Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 8.74%. MCAN Mortgage’s dividend payout ratio (DPR) is presently 70.91%.

About MCAN Mortgage

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.