Melcor Developments (TSE:MRD) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Melcor Developments Ltd. (TSE:MRD) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.08 and traded as high as C$16.27. Melcor Developments shares last traded at C$16.24, with a volume of 15,952 shares.

Melcor Developments Stock Down 0.1%

The firm has a 50 day moving average price of C$15.57 and a 200-day moving average price of C$15.08. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41. The firm has a market cap of C$488.99 million, a PE ratio of 8.46 and a beta of 0.58.

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

Melcor Developments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, December 15th. Melcor Developments’s payout ratio is 23.96%.

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.