ECN Capital (TSE:ECN) Reaches New 1-Year High – Here’s What Happened

ECN Capital Corp. (TSE:ECN) reached a new 52-week high on Wednesday . The stock traded as high as C$3.42 and last traded at C$3.39, with a volume of 149768 shares. The stock had previously closed at C$3.10.

Analyst Ratings Changes

ECN has been the topic of several recent analyst reports. Cormark boosted their target price on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday, November 12th. CIBC boosted their price objective on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, National Bank Financial lowered ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$2.68.

ECN Capital Price Performance

The stock has a market capitalization of C$961.43 million, a P/E ratio of -10.36, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The stock has a 50-day simple moving average of C$3.10 and a 200 day simple moving average of C$2.53.

ECN Capital (TSE:ECN) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.02. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. On average, equities analysts forecast that ECN Capital Corp. will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

Insider Buying and Selling

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of ECN Capital stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. 18.31% of the stock is currently owned by insiders.

ECN Capital Company Profile

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.