MCAN Mortgage (TSE:MKP) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

MCAN Mortgage Co. (TSE:MKP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.96 and traded as high as C$18.50. MCAN Mortgage shares last traded at C$18.50, with a volume of 79,784 shares traded.

Wall Street Analyst Weigh In

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

MCAN Mortgage Stock Performance

The stock has a market capitalization of C$702.72 million, a P/E ratio of 8.37 and a beta of 0.85. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58. The company has a 50-day moving average price of C$18.11 and a two-hundred day moving average price of C$16.98.

MCAN Mortgage (TSE:MKP) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. On average, equities analysts forecast that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

MCAN Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.39 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 8.47%. MCAN Mortgage’s dividend payout ratio is presently 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.