Melcor Developments (TSE:MRD) Sets New 1-Year Low – Time to Sell?

Melcor Developments Ltd. (TSE:MRD) hit a new 52-week low on Monday . The company traded as low as C$11.30 and last traded at C$11.71, with a volume of 7958 shares changing hands. The stock had previously closed at C$11.81.

Melcor Developments Trading Down 0.9 %

The company has a market capitalization of C$355.02 million, a PE ratio of 31.05 and a beta of 1.41. The stock has a fifty day moving average of C$12.54 and a two-hundred day moving average of C$12.81. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41.

Melcor Developments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 28th were issued a $0.11 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.76%. Melcor Developments’s payout ratio is 116.76%.

Insider Activity

In related news, Senior Officer Susan Keating sold 3,800 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$12.65, for a total transaction of C$48,084.06. 65.20% of the stock is owned by corporate 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.