Shares of MCAN Mortgage Co. (TSE:MKP - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$25.34 and last traded at C$25.35, with a volume of 48084 shares traded. The stock had previously closed at C$25.07.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group raised their target price on MCAN Mortgage from C$24.00 to C$26.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$23.50.
Check Out Our Latest Research Report on MCAN Mortgage
MCAN Mortgage Price Performance
The company has a market cap of C$1.03 billion, a PE ratio of 13.45 and a beta of 0.65. The company has a debt-to-equity ratio of 535.52, a quick ratio of 1.97 and a current ratio of 11.12. The stock has a 50 day moving average of C$23.59 and a 200-day moving average of C$22.69.
MCAN Mortgage (TSE:MKP - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported C$0.57 earnings per share (EPS) for the quarter. The company had revenue of C$41.60 million during the quarter. MCAN Mortgage had a return on equity of 11.93% and a net margin of 27.90%. Equities analysts predict that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.
MCAN Mortgage Company Profile
(
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MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.
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