ECN Capital (TSE:ECN) Reaches New 12-Month High – Should You Buy?

Shares of ECN Capital Corp. (TSE:ECN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$21.25 and last traded at C$2.84, with a volume of 81110 shares trading hands. The stock had previously closed at C$2.90.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ECN shares. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Cormark raised their target price on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a report on Tuesday, November 12th. National Bankshares upped their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets increased their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, CIBC increased their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$2.52.

ECN Capital Stock Performance

The company’s fifty day simple moving average is C$2.26 and its 200 day simple moving average is C$2.02. The stock has a market capitalization of C$804.00 million, a P/E ratio of -8.79, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.40%. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

Insider Activity at ECN Capital

In other news, Director Steven Kenneth Hudson sold 100,000 shares of ECN Capital stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$2.92, for a total transaction of C$292,300.00. 18.31% of the stock is currently owned by company insiders.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.