MCAN Mortgage (TSE:MKP) Stock Passes Above 200 Day Moving Average – Here’s Why

MCAN Mortgage Co. (TSE:MKP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.75 and traded as high as C$18.75. MCAN Mortgage shares last traded at C$18.28, with a volume of 83,674 shares trading hands.

Analyst Ratings Changes

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

MCAN Mortgage Trading Down 1.8 %

The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. The business’s 50-day moving average price is C$18.77 and its 200 day moving average price is C$17.75. The company has a market cap of C$697.38 million, a P/E ratio of 8.31 and a beta of 0.85.

MCAN Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 8.53%. MCAN Mortgage’s dividend payout ratio is 70.91%.

MCAN Mortgage Company Profile

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.