MCAN Mortgage (TSE:MKP) Shares Pass Above 200-Day Moving Average – What’s Next?

MCAN Mortgage Co. (TSE:MKP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.03 and traded as high as C$18.66. MCAN Mortgage shares last traded at C$18.59, with a volume of 36,171 shares.

Analyst Upgrades and Downgrades

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

MCAN Mortgage Stock Performance

The stock’s 50-day moving average price is C$18.62 and its 200-day moving average price is C$18.03. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of C$709.21 million, a price-to-earnings ratio of 8.45 and a beta of 0.85.

MCAN Mortgage (TSE:MKP) last issued its quarterly earnings data on Monday, November 11th. The company reported C$0.70 earnings per share (EPS) for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. As a group, equities research analysts expect that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

MCAN Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date of this dividend was Friday, December 13th. MCAN Mortgage’s dividend payout ratio is presently 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.