MCAN Mortgage (TSE:MKP) Stock Passes Above Two Hundred Day Moving Average of $15.94

MCAN Mortgage Co. (TSE:MKP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.94 and traded as high as $16.70. MCAN Mortgage shares last traded at $16.64, with a volume of 4,500 shares traded.

Separately, National Bank Financial upped their price target on shares of MCAN Mortgage from C$15.00 to C$15.50 and gave the stock an “underperform” rating in a research report on Tuesday, November 12th.

The company’s 50-day moving average is C$16.15 and its 200-day moving average is C$15.95. The firm has a market cap of $402.23 million and a price-to-earnings ratio of 9.74. The company has a debt-to-equity ratio of 245.03, a quick ratio of 1.69 and a current ratio of 1.74.

About MCAN Mortgage (TSE:MKP)

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

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