Melcor Developments (TSE:MRD) Reaches New 1-Year High – Time to Buy?

Melcor Developments Ltd. (TSE:MRD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.56 and last traded at C$15.36, with a volume of 2215 shares. The stock had previously closed at C$15.43.

Melcor Developments Stock Up 0.1%

The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. The firm has a market capitalization of C$463.69 million, a PE ratio of 8.02 and a beta of 0.59. The company has a fifty day moving average price of C$14.91 and a 200-day moving average price of C$14.63.

Melcor Developments (TSE:MRD) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$72.54 million for the quarter. Melcor Developments had a net margin of 3.77% and a return on equity of 0.94%. As a group, analysts expect that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, December 15th. Melcor Developments’s dividend payout ratio is currently 23.96%.

Insider Activity at Melcor Developments

In other Melcor Developments news, Director Timothy Charles Melton purchased 3,200 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was purchased at an average price of C$15.01 per share, with a total value of C$48,032.00. Following the acquisition, the director owned 2,300,494 shares in the company, valued at approximately C$34,530,414.94. The trade was a 0.14% increase in their ownership of the stock. Insiders own 65.20% of the company’s stock.

Melcor Developments Company Profile

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.