Melcor Developments (TSE:MRD) Hits New 52-Week High – What’s Next?

by · The Cerbat Gem

Shares of Melcor Developments Ltd. (TSE:MRD – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$15.54 and last traded at C$15.49, with a volume of 5452 shares changing hands. The stock had previously closed at C$15.50.

Melcor Developments Stock Performance

The stock has a market capitalization of C$464.60 million, a P/E ratio of 8.04 and a beta of 0.59. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. The company has a 50-day moving average price of C$14.88 and a two-hundred day moving average price of C$14.57.

Melcor Developments (TSE:MRD – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.46 EPS 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%. Equities analysts expect that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. Melcor Developments’s dividend payout ratio is presently 23.96%.

Insider Transactions at Melcor Developments

In other Melcor Developments news, Director Timothy Charles Melton bought 3,200 shares of Melcor Developments stock in a transaction that occurred on Thursday, October 9th. The stock was acquired at an average cost of C$15.01 per share, for a total transaction of C$48,032.00. Following the completion of the transaction, the director directly owned 2,300,494 shares in the company, valued at C$34,530,414.94. This represents a 0.14% increase in their ownership of the stock. Corporate insiders own 65.20% of the company’s stock.

Melcor Developments Company Profile

(Get Free Report)

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.

See Also