Melcor Developments (TSE:MRD) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Melcor Developments Ltd. (TSE:MRD) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.83 and traded as high as C$13.08. Melcor Developments shares last traded at C$13.06, with a volume of 5,152 shares changing hands.

Melcor Developments Trading Down 0.3 %

The company’s 50-day moving average price is C$12.70 and its 200-day moving average price is C$12.83. 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 firm has a market cap of C$396.29 million, a price-to-earnings ratio of 34.66 and a beta of 1.41.

Melcor Developments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, December 13th. Melcor Developments’s dividend payout ratio is currently 116.76%.

Insider Transactions at Melcor Developments

In other news, Senior Officer Susan Keating sold 3,800 shares of the firm’s 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 three months, insiders have sold 3,818 shares of company stock valued at $48,314. Corporate insiders own 65.20% of the company’s stock.

About Melcor Developments

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.