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

MCAN Mortgage Co. (TSE:MKP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.67 and traded as high as C$21.90. MCAN Mortgage shares last traded at C$21.82, with a volume of 42,075 shares.

Analysts Set New Price Targets

Separately, BMO Capital Markets boosted their price objective on MCAN Mortgage from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, MCAN Mortgage has an average rating of “Hold” and an average price target of C$21.00.

MCAN Mortgage Stock Up 0.5%

The business’s fifty day moving average is C$21.47 and its 200-day moving average is C$20.69. The company has a market cap of C$889.24 million, a PE ratio of 13.40 and a beta of 0.51.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.52 earnings per share for the quarter. The firm had revenue of C$37.85 million for the quarter. MCAN Mortgage had a return on equity of 15.63% and a net margin of 52.77%. Analysts forecast that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal year.

MCAN Mortgage Company Profile

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments.