Melcor Developments (TSE:MRD) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Melcor Developments Ltd. (TSE:MRD) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.53 and traded as low as C$12.22. Melcor Developments shares last traded at C$12.50, with a volume of 5,800 shares changing hands.

Melcor Developments Trading Up 1.8 %

The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79. The company has a market capitalization of C$381 million, a P/E ratio of 5.10 and a beta of 1.41. The company has a 50-day simple moving average of C$12.97 and a 200 day simple moving average of C$12.53.

Melcor Developments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.52%. Melcor Developments’s payout ratio is 17.96%.

Melcor Developments Company Profile

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.