Melcor Developments (TSE:MRD) Stock Price Crosses Below Two Hundred Day Moving Average of $11.46

Shares of Melcor Developments Ltd. (TSE:MRD - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.46 and traded as low as C$11.44. Melcor Developments shares last traded at C$11.45, with a volume of 2,544 shares changing hands.

Melcor Developments Stock Performance

The company has a debt-to-equity ratio of 53.05, a quick ratio of 2.65 and a current ratio of 10.17. The firm's 50 day moving average is C$11.54 and its 200-day moving average is C$11.45. The firm has a market cap of C$348.30 million, a price-to-earnings ratio of 5.60 and a beta of 1.41.

Melcor Developments (TSE:MRD - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The company reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$125.13 million during the quarter. Melcor Developments had a net margin of 19.98% and a return on equity of 5.01%. Sell-side analysts anticipate that Melcor Developments Ltd. will post 2.3118712 earnings per share for the current fiscal year.

Melcor Developments Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.11 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.44 annualized dividend and a yield of 3.87%. Melcor Developments's dividend payout ratio (DPR) is presently 21.67%.

About Melcor Developments

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.