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

ECN Capital Corp. (TSE:ECN) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$20.75 and last traded at C$2.88, with a volume of 77570 shares trading hands. The stock had previously closed at C$2.95.

Analysts Set New Price Targets

Several brokerages have commented on ECN. National Bankshares increased their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Cormark lifted their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research note on Tuesday. CIBC upped their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. BMO Capital Markets lifted their target price on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Finally, National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$2.66.

ECN Capital Price Performance

The company has a market cap of C$815.25 million, a price-to-earnings ratio of -8.94, a PEG ratio of 0.24 and a beta of 1.35. The company has a 50-day simple moving average of C$2.21 and a 200-day simple moving average of C$1.99. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is currently -12.12%.

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.