Melcor Developments (TSE:MRD) Share Price Crosses Above 200 Day Moving Average of $12.53

Melcor Developments Ltd. (TSE:MRD) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.53 and traded as high as $12.76. Melcor Developments shares last traded at $12.76, with a volume of 5,552 shares trading hands.

Separately, Royal Bank of Canada decreased their price objective on shares of Melcor Developments from C$14.00 to C$13.50 and set a “sector perform” rating for the company in a research report on Monday, November 11th.

The business’s 50-day moving average price is C$12.88 and its 200 day moving average price is C$12.53. The company has a market cap of $426.01 million and a P/E ratio of 7.47. The company has a debt-to-equity ratio of 59.91, a quick ratio of 0.63 and a current ratio of 4.54.

Melcor Developments (TSE:MRD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.48 EPS for the quarter. The firm had revenue of C$53.95 million during the quarter. Equities research analysts forecast that Melcor Developments Ltd. will post 0.9200001 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, December 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 29.86%.

About Melcor Developments (TSE:MRD)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Property, REIT, and Recreational Property divisions. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.

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