Melcor Developments (TSE:MRD) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Melcor Developments Ltd. (TSE:MRD) recently surpassed its 200-day moving average, currently trading at C$14.59, compared to the average of C$13.10.
• The company announced a quarterly dividend of $0.11 per share, equating to an annualized dividend yield of 3.0%, with a payout ratio of 116.76%.
• Melcor Developments operates in various sectors including real estate development and management, with a significant market cap of C$442.72 million.

Melcor Developments Ltd. (TSE:MRD - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.10 and traded as high as C$14.64. Melcor Developments shares last traded at C$14.59, with a volume of 2,831 shares.

Melcor Developments Price Performance

The business has a 50 day moving average price of C$14.11 and a two-hundred day moving average price of C$13.10. The stock has a market cap of C$442.72 million, a PE ratio of 38.72 and a beta of 1.41. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 16th. Melcor Developments's payout ratio is presently 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.

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