Melcor Developments (TSE:MRD) Stock Price Passes Below 50-Day Moving Average of $13.08

Melcor Developments Ltd. (TSE:MRD) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.08 and traded as low as $13.07. Melcor Developments shares last traded at $13.07, with a volume of 100 shares traded.

The stock has a market cap of $431.67 million and a PE ratio of 8.47. The company has a quick ratio of 3.19, a current ratio of 19.51 and a debt-to-equity ratio of 58.36. The business’s 50-day moving average price is C$13.07.

Melcor Developments (TSE:MRD) last issued its earnings results on Wednesday, May 8th. The company reported C$0.05 EPS for the quarter. The firm had revenue of C$34.88 million during the quarter. Equities analysts predict that Melcor Developments Ltd. will post 1.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Saturday, June 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, June 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 33.64%.

About Melcor Developments (TSE:MRD)

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

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