Melcor Developments (TSE:MRD) Hits New 1-Year High – Here’s Why

Melcor Developments Ltd. (TSE:MRD)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.52 and last traded at C$16.33, with a volume of 2899 shares changing hands. The stock had previously closed at C$16.30.

Melcor Developments Stock Down 0.1%

The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41. The business’s fifty day moving average price is C$15.43 and its 200 day moving average price is C$15.00. The company has a market capitalization of C$490.19 million, a P/E ratio of 8.48 and a beta of 0.62.

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

Melcor Developments Announces Dividend

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

Melcor Developments Company Profile

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.