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

Melcor Developments Ltd. (TSE:MRD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.17 and traded as high as C$16.41. Melcor Developments shares last traded at C$16.40, with a volume of 13,216 shares trading hands.

Melcor Developments Price Performance

The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65. The firm has a market capitalization of C$493.80 million, a price-to-earnings ratio of 8.54 and a beta of 0.58. The business’s fifty day simple moving average is C$15.67 and its 200 day simple moving average is C$15.17.

Melcor Developments (TSE:MRD) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$72.54 million for the quarter. Melcor Developments had a net margin of 3.77% and a return on equity of 0.94%. On average, research analysts forecast that Melcor Developments Ltd. will post 2.3613596 EPS for the current year.

Melcor Developments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.2%. Melcor Developments’s dividend payout ratio is presently 23.96%.

About Melcor Developments

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.