Melcor Developments (TSE:MRD) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Melcor Developments Ltd. (TSE:MRD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.30 and traded as high as C$13.32. Melcor Developments shares last traded at C$13.29, with a volume of 3,352 shares trading hands.

Melcor Developments Trading Up 0.3 %

The company has a market cap of C$405.08 million, a price-to-earnings ratio of 5.42 and a beta of 1.41. The firm has a 50 day moving average price of C$13.08 and a two-hundred day moving average price of C$12.30. The company has a quick ratio of 2.65, a current ratio of 12.79 and a debt-to-equity ratio of 51.55.

Melcor Developments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.11 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.31%. 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.