Melcor Developments (TSE:MRD) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Melcor Developments Ltd. (TSE:MRD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.80 and traded as high as C$12.93. Melcor Developments shares last traded at C$12.71, with a volume of 2,789 shares.

Melcor Developments Stock Down 1.1 %

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 company has a market capitalization of C$385.67 million, a price-to-earnings ratio of 33.73 and a beta of 1.41. The firm’s 50-day simple moving average is C$12.69 and its two-hundred day simple moving average is C$12.80.

Melcor Developments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, December 13th. Melcor Developments’s payout ratio is currently 116.76%.

Insider Buying and Selling

In related news, Senior Officer Susan Keating sold 3,800 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$12.65, for a total value of C$48,084.06. Over the last ninety days, insiders sold 3,818 shares of company stock valued at $48,314. 65.20% of the stock is owned by insiders.

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.