Melcor Developments (TSE:MRD) Hits New 52-Week High – Time to Buy?

Melcor Developments Ltd. (TSE:MRD) reached a new 52-week high on Monday . The stock traded as high as C$14.01 and last traded at C$13.90, with a volume of 6623 shares trading hands. The stock had previously closed at C$13.61.

Melcor Developments Stock Up 2.1%

The business has a 50-day simple moving average of C$12.27 and a two-hundred day simple moving average of C$12.57. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. The company has a market cap of C$421.78 million, a price-to-earnings ratio of 36.89 and a beta of 1.41.

Melcor Developments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 28th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, March 21st. Melcor Developments’s payout ratio is 116.76%.

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.