Melcor Developments Ltd. (TSE:MRD)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $12.49. Melcor Developments shares last traded at $12.10, with a volume of 1,617 shares traded.
The business has a 50-day moving average price of C$12.80 and a 200-day moving average price of C$13.07. The company has a market capitalization of $415.69 million and a price-to-earnings ratio of 7.73. The company has a quick ratio of 3.72, a current ratio of 24.00 and a debt-to-equity ratio of 60.55.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, September 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 33.31%.
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Property, REIT, and Recreational Property divisions. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.
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