Firm Capital Mortgage Investment (TSE:FC) Stock Price Passes Below 200-Day Moving Average of $10.89

Firm Capital Mortgage Investment Co. (TSE:FC) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.89 and traded as low as C$10.85. Firm Capital Mortgage Investment shares last traded at C$10.86, with a volume of 32,616 shares.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their target price on shares of Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Monday, March 25th.

Firm Capital Mortgage Investment Trading Up 0.1 %

The company has a 50 day simple moving average of C$11.26 and a 200 day simple moving average of C$10.89. The company has a market capitalization of C$374.56 million, a PE ratio of 11.08 and a beta of 1.03. The company has a debt-to-equity ratio of 45.79, a quick ratio of 17.11 and a current ratio of 10.05.

Firm Capital Mortgage Investment (TSE:FC) last issued its quarterly earnings results on Wednesday, March 20th. The company reported C$0.24 EPS for the quarter. The firm had revenue of C$18.11 million during the quarter. Firm Capital Mortgage Investment had a return on equity of 8.56% and a net margin of 73.49%. Analysts anticipate that Firm Capital Mortgage Investment Co. will post 1.0301095 earnings per share for the current year.

Firm Capital Mortgage Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Monday, April 29th. Firm Capital Mortgage Investment’s dividend payout ratio is currently 95.92%.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments.