Melcor Developments (TSE:MRD) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Melcor Developments Ltd. (TSE:MRD) has surpassed its 200-day moving average of C$13.03, trading as high as C$14.38.
• The company recently announced a quarterly dividend of $0.11 per share, yielding 3.1%, though its dividend payout ratio is high at 116.76%.
• Melcor Developments operates in real estate development across North America, managing various properties including residential communities, office buildings, and golf courses.

Melcor Developments Ltd. (TSE:MRD - ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.03 and traded as high as C$14.38. Melcor Developments shares last traded at C$14.30, with a volume of 3,466 shares changing hands.

Melcor Developments Trading Down 0.3%

The company has a market cap of C$433.92 million, a PE ratio of 37.95 and a beta of 1.41. The company's 50 day simple moving average is C$14.07 and its two-hundred day simple moving average is C$13.03. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, June 16th. Melcor Developments's dividend payout ratio (DPR) is 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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