MCAN Mortgage (TSE:MKP – Get Free Report) posted its quarterly earnings results on Thursday. The company reported C$0.59 EPS for the quarter, FiscalAI reports. The company had revenue of C$43.34 million for the quarter. MCAN Mortgage had a net margin of 25.51% and a return on equity of 12.71%.
MCAN Mortgage Stock Down 1.7%
Shares of TSE:MKP traded down C$0.43 during trading on Thursday, hitting C$24.99. 83,174 shares of the stock traded hands, compared to its average volume of 57,677. The company has a market cap of C$1.02 billion, a price-to-earnings ratio of 12.31 and a beta of 0.84. The company has a fifty day moving average price of C$25.27 and a two-hundred day moving average price of C$24.13. MCAN Mortgage has a 52-week low of C$20.07 and a 52-week high of C$26.68.
Analyst Upgrades and Downgrades
Separately, National Bank Financial set a C$27.00 price objective on MCAN Mortgage and gave the company an “outperform” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.67.
About MCAN Mortgage
MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.
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