MCAN Mortgage (TSE:MKP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

MCAN Mortgage Co. (TSE:MKP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.84 and traded as high as C$18.15. MCAN Mortgage shares last traded at C$18.05, with a volume of 30,921 shares.

Analysts Set New Price Targets

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

MCAN Mortgage Stock Up 0.9 %

The firm’s fifty day simple moving average is C$18.72 and its 200 day simple moving average is C$17.86. The company has a market cap of C$699.29 million, a price-to-earnings ratio of 8.33 and a beta of 0.85. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58.

MCAN Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 8.51%. The ex-dividend date was Friday, December 13th. 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.