MCAN Mortgage (TSE:MKP) Shares Pass Above 200-Day Moving Average of $15.63

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MCAN Mortgage Co. (TSE:MKP) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.63 and traded as high as $15.81. MCAN Mortgage shares last traded at $15.69, with a volume of 463 shares traded.

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

The stock has a market cap of $379.12 million and a price-to-earnings ratio of 9.96. The company has a current ratio of 1.67, a quick ratio of 1.62 and a debt-to-equity ratio of 267.17. The stock’s 50-day moving average price is C$15.86 and its 200-day moving average price is C$15.66.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.32 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.12%. MCAN Mortgage’s dividend payout ratio (DPR) is currently 80.86%.

About MCAN Mortgage (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.

Further Reading: Balanced Fund

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