MCAN Mortgage (TSE:MKP) Shares Cross Above 200-Day Moving Average of $15.86

MCAN Mortgage Co. (TSE:MKP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.86 and traded as high as $15.95. MCAN Mortgage shares last traded at $15.92, with a volume of 6,670 shares changing hands.

Separately, National Bank Financial upped their target price on MCAN Mortgage from C$14.00 to C$15.00 and gave the company an “underperform” rating in a research report on Friday, August 9th.

The stock has a 50-day moving average of C$15.78 and a 200 day moving average of C$15.86. The stock has a market cap of $384.62 million and a PE ratio of 10.06. The company has a quick ratio of 1.62, a current ratio of 1.67 and a debt-to-equity ratio of 267.17.

MCAN Mortgage (TSE:MKP) last issued its earnings results on Wednesday, August 7th. The company reported C$0.37 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.04. On average, equities analysts anticipate that MCAN Mortgage Co. will post 1.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.28 annualized dividend and a yield of 8.03%. MCAN Mortgage’s dividend payout ratio is presently 84.02%.

MCAN Mortgage Company Profile (TSE:MKP)

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

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