Melcor Developments (TSE:MRD) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Melcor Developments Ltd. (TSE:MRD)’s stock price passed 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 changing hands.

Melcor Developments Stock Down 0.1%

The stock has a market capitalization of C$488.99 million, a P/E ratio of 8.46 and a beta of 0.58. 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’s fifty day moving average is C$15.57 and its 200-day moving average is C$15.08.

Melcor Developments (TSE:MRD) last posted its quarterly earnings data 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 during the quarter. Melcor Developments had a net margin of 3.77% and a return on equity of 0.94%. As a group, equities research analysts predict that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.2%. Melcor Developments’s dividend payout ratio (DPR) is 23.96%.

About Melcor Developments

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.