MCAN Mortgage (TSE:MKP) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of MCAN Mortgage Co. (TSE:MKP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$21.78 and traded as high as C$23.29. MCAN Mortgage shares last traded at C$23.23, with a volume of 35,674 shares trading hands.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their price target on shares of MCAN Mortgage from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$21.00.

MCAN Mortgage Price Performance

The company’s 50-day moving average is C$22.51 and its 200-day moving average is C$21.78. The firm has a market capitalization of C$934.29 million, a price-to-earnings ratio of 14.08 and a beta of 0.46.

MCAN Mortgage (TSE:MKP) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.52 EPS for the quarter. The business had revenue of C$37.85 million during the quarter. MCAN Mortgage had a return on equity of 15.63% and a net margin of 52.77%. Sell-side analysts anticipate that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

About MCAN Mortgage

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by 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 loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.