Melcor Developments (TSE:MRD) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Markets Daily

Melcor Developments Ltd. (TSE:MRD – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.86 and traded as high as C$15.50. Melcor Developments shares last traded at C$15.40, with a volume of 24,716 shares trading hands.

Melcor Developments Stock Up 1.2%

The firm has a fifty day simple moving average of C$15.21 and a 200-day simple moving average of C$14.88. The company has a market capitalization of C$469.41 million, a PE ratio of 8.12 and a beta of 0.62. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08.

Melcor Developments (TSE:MRD – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.46 earnings per share for the quarter. The business 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 research analysts anticipate that Melcor Developments Ltd. will post 2.3613596 EPS for the current fiscal year.

Melcor Developments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 3.3%. Melcor Developments’s payout ratio is presently 23.96%.

About Melcor Developments

(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.

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