ECN Capital (TSE:ECN) Upgraded at National Bank Financial

National Bank Financial upgraded shares of ECN Capital (TSE:ECN) from a hold rating to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

ECN has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. CIBC lifted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday. Finally, National Bankshares lifted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ECN Capital currently has a consensus rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Stock Performance

Shares of ECN opened at C$3.00 on Friday. The firm has a 50-day moving average of C$2.18 and a 200-day moving average of C$1.98. ECN Capital has a one year low of C$1.60 and a one year high of C$3.10. The company has a market cap of C$843.36 million, a PE ratio of -9.09, 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 current ratio of 10.77 and a quick ratio of 3.81.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

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.