ECN Capital (TSE:ECN) Shares Cross Above Fifty Day Moving Average – What’s Next?

ECN Capital Corp. (TSE:ECN)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.11 and traded as high as C$2.18. ECN Capital shares last traded at C$2.06, with a volume of 1,641,575 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ECN. National Bankshares raised their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. CIBC lifted their price target on shares of ECN Capital from C$2.00 to C$2.25 in a research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, ECN Capital has an average rating of “Hold” and an average price target of C$2.48.

ECN Capital Stock Performance

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 company has a market capitalization of C$579.11 million, a price-to-earnings ratio of -6.24, a P/E/G ratio of 0.24 and a beta of 1.35. The firm has a 50-day simple moving average of C$2.11 and a two-hundred day simple moving average of C$1.93.

ECN Capital (TSE:ECN) last posted its quarterly earnings data 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 business had revenue of C$79.37 million during the quarter, compared to analyst estimates of C$75.42 million. On average, sell-side analysts anticipate that ECN Capital Corp. will post 0.2446449 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, September 13th. ECN Capital’s dividend payout ratio 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.