MCAN Mortgage Co. (TSE:MKP)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$12.85 and last traded at C$12.92, with a volume of 58570 shares traded. The stock had previously closed at C$13.05.
Separately, National Bank Financial dropped their price target on shares of MCAN Mortgage from C$17.00 to C$12.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 30th.
The company has a current ratio of 1.98, a quick ratio of 1.95 and a debt-to-equity ratio of 308.69.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 9.91%. The ex-dividend date of this dividend is Thursday, December 13th. MCAN Mortgage’s dividend payout ratio (DPR) is 79.91%.
In other MCAN Mortgage news, insider Ian Sutherland bought 10,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average price of C$13.77 per share, with a total value of C$137,700.00. In the last three months, insiders acquired 18,000 shares of company stock valued at $249,630.
MCAN Mortgage Company Profile (TSE:MKP)
MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. It issues term deposits; and originates residential first-charge mortgage products. The company focuses on investing its funds in a portfolio of mortgages, including single family residential, residential construction, non-residential construction, and commercial loans, as well as other types of financial investments, loans, and real estate investments.
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