MCAN Mortgage (TSE:MKP) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of MCAN Mortgage Co. (TSE:MKP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

MCAN Mortgage Stock Up 1.4 %

The company has a market cap of C$688.61 million, a PE ratio of 8.20 and a beta of 0.85. The stock’s 50 day moving average price is C$18.72 and its 200-day moving average price is C$17.84. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97.

MCAN Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 8.64%. The ex-dividend date was Friday, December 13th. MCAN Mortgage’s dividend payout ratio (DPR) is 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.