MCAN Mortgage (TSE:MKP) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Posted by Scott Moore on Jan 25th, 2025

MCAN Mortgage Co. (TSE:MKP – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.93 and traded as high as C$18.63. MCAN Mortgage shares last traded at C$18.45, with a volume of 41,412 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$19.00 price objective on MCAN Mortgage and gave the company a “buy” rating in a report on Tuesday, October 15th.

Get Our Latest Report on MCAN Mortgage

MCAN Mortgage Trading Up 1.3 %

The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. The business has a fifty day simple moving average of C$18.71 and a 200 day simple moving average of C$17.95. The stock has a market capitalization of C$713.02 million, a price-to-earnings ratio of 8.50 and a beta of 0.85.

MCAN Mortgage (TSE:MKP – Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported C$0.70 EPS for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. As a group, research analysts expect that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.

MCAN Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.35%. MCAN Mortgage’s payout ratio is 70.91%.

MCAN Mortgage Company Profile

(Get Free Report)

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.