MCAN Mortgage (TSE:MKP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

MCAN Mortgage Co. (TSE:MKP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.84 and traded as high as C$18.15. MCAN Mortgage shares last traded at C$18.05, with a volume of 30,921 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$19.00 price objective on MCAN Mortgage and gave the company a “buy” rating in a research note on Tuesday, October 15th.

MCAN Mortgage Price Performance

The company has a market capitalization of C$699.29 million, a PE ratio of 8.33 and a beta of 0.85. The company has a debt-to-equity ratio of 373.58, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s 50 day simple moving average is C$18.72 and its 200-day simple moving average is C$17.86.

MCAN Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.51%. The ex-dividend date of this dividend was Friday, December 13th. MCAN Mortgage’s payout ratio is currently 70.91%.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.