Melcor Developments Ltd. (TSE:MRD - Get Free Report)'s stock price 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 traded.
Melcor Developments Stock Performance
The firm has a market capitalization of C$447.88 million, a price-to-earnings ratio of 39.17 and a beta of 1.41. The firm has a 50 day moving average price of C$14.13 and a 200-day moving average price of C$13.13. The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65.
Melcor Developments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, June 16th. This represents a $0.44 annualized dividend and a yield of 3.0%. Melcor Developments's payout ratio is presently 116.76%.
About Melcor Developments
(
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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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