Melcor Developments (TSE:MRD) Shares Cross Above Two Hundred Day Moving Average of $11.39

Melcor Developments Ltd. (TSE:MRD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.39 and traded as high as C$11.49. Melcor Developments shares last traded at C$11.38, with a volume of 2,517 shares trading hands.

Melcor Developments Price Performance

The company has a market cap of C$348.91 million, a PE ratio of 5.61 and a beta of 1.41. The business has a 50 day moving average of C$11.43 and a 200 day moving average of C$11.39. The company has a debt-to-equity ratio of 53.05, a current ratio of 10.17 and a quick ratio of 2.65.

Melcor Developments (TSE:MRD) last issued its quarterly earnings data on Wednesday, March 13th. The company reported C$0.34 EPS for the quarter. The business had revenue of C$125.13 million during the quarter. Melcor Developments had a net margin of 19.98% and a return on equity of 5.01%. As a group, research analysts predict that Melcor Developments Ltd. will post 2.3104839 EPS for the current year.

Melcor Developments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.11 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.44 annualized dividend and a yield of 3.87%. Melcor Developments’s dividend payout ratio (DPR) is presently 21.67%.

About Melcor Developments

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.