ECN Capital (TSE:ECN) Reaches New 52-Week High Following Analyst Upgrade

ECN Capital Corp. (TSE:ECN) shares hit a new 52-week high on Friday after CIBC raised their price target on the stock from C$2.25 to C$2.50. The stock traded as high as C$19.35 and last traded at C$2.82, with a volume of 902072 shares traded. The stock had previously closed at C$2.37.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares increased their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. BMO Capital Markets increased their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$2.52.

ECN Capital Trading Up 23.6 %

The company has a market cap of C$823.68 million, a price-to-earnings ratio of -8.67, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The company’s 50-day moving average is C$2.15 and its 200 day moving average is C$1.96.

ECN Capital (TSE:ECN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The company had revenue of C$79.37 million for the quarter, compared to analyst estimates of C$75.42 million. Research analysts predict that ECN Capital Corp. will post 0.2446449 EPS for the current year.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.37%. ECN Capital’s dividend payout ratio (DPR) is -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.