Melcor Developments (TSE:MRD) Stock Crosses Above 200 Day Moving Average of $11.57

Melcor Developments Ltd. (TSE:MRDGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.57 and traded as high as C$11.74. Melcor Developments shares last traded at C$11.55, with a volume of 6,609 shares traded.

Melcor Developments Stock Performance

The company has a 50-day moving average of C$11.48 and a 200 day moving average of C$11.57. The company has a quick ratio of 2.65, a current ratio of 9.60 and a debt-to-equity ratio of 54.87. The firm has a market capitalization of C$356.11 million, a PE ratio of 4.10 and a beta of 1.41.

Melcor Developments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 29th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Thursday, December 14th. Melcor Developments’s payout ratio is 22.54%.

Insider Buying and Selling

In related news, Director Timothy Charles Melton sold 10,430 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$11.12, for a total transaction of C$115,957.61. In other news, Senior Officer Graeme Melton sold 4,775 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$11.12, for a total value of C$53,087.02. Also, Director Timothy Charles Melton sold 10,430 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$11.12, for a total value of C$115,957.61. Insiders sold a total of 15,212 shares of company stock worth $169,122 over the last ninety days. 64.61% of the stock is owned by corporate insiders.

Melcor Developments Company Profile

(Get Free Report)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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