Melcor Developments (TSE:MRD) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Melcor Developments Ltd. (TSE:MRD)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.76 and traded as low as C$12.68. Melcor Developments shares last traded at C$12.95, with a volume of 604 shares trading hands.

Melcor Developments Price Performance

The company has a 50 day moving average of C$12.69 and a two-hundred day moving average of C$12.76. The firm has a market cap of C$394.72 million, a P/E ratio of 5.29 and a beta of 1.41. The company has a quick ratio of 2.65, a current ratio of 12.79 and a debt-to-equity ratio of 51.55.

Melcor Developments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date was Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.40%. Melcor Developments’s dividend payout ratio (DPR) is 17.96%.

Insider Transactions at Melcor Developments

In other news, Senior Officer Susan Keating sold 3,800 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$12.65, for a total transaction of C$48,084.06. Insiders have sold 3,818 shares of company stock valued at $48,314 in the last quarter. Insiders own 65.20% of the company’s stock.

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.