Melcor Developments (TSE:MRD) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Melcor Developments Ltd. (TSE:MRD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.08 and traded as high as C$16.27. Melcor Developments shares last traded at C$16.24, with a volume of 15,952 shares changing hands.

Melcor Developments Stock Performance

The firm has a market capitalization of C$488.99 million, a price-to-earnings ratio of 8.46 and a beta of 0.58. The firm’s 50-day moving average price is C$15.57 and its two-hundred day moving average price is C$15.08. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08.

Melcor Developments (TSE:MRD) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$72.54 million during the quarter. Melcor Developments had a net margin of 3.77% and a return on equity of 0.94%. Sell-side analysts predict that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, December 15th. Melcor Developments’s dividend payout ratio (DPR) is 23.96%.

About Melcor Developments

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.