Melcor Developments (TSE:MRD) Sets New 1-Year High - Should You Buy?

Shares of Melcor Developments Ltd. (TSE:MRD - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.06 and last traded at C$14.05, with a volume of 4100 shares traded. The stock had previously closed at C$13.91.

Melcor Developments Trading Up 1.4%

The firm has a market capitalization of C$424.82 million, a PE ratio of 37.15 and a beta of 1.41. The business has a 50 day moving average price of C$12.49 and a 200-day moving average price of C$12.61. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41.

Melcor Developments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 28th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, March 21st. Melcor Developments's payout ratio is currently 116.76%.

Melcor Developments Company Profile

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.