Exco Technologies (TSE:XTC) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Exco Technologies Limited (TSE:XTC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.81 and traded as high as C$8.63. Exco Technologies shares last traded at C$8.59, with a volume of 18,083 shares.

Wall Street Analyst Weigh In

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the company a “buy” rating in a research report on Thursday, June 27th.

Exco Technologies Price Performance

The company has a market capitalization of C$335.31 million, a price-to-earnings ratio of 10.85 and a beta of 1.15. The firm has a 50-day simple moving average of C$8.12 and a two-hundred day simple moving average of C$7.82. The company has a current ratio of 2.80, a quick ratio of 1.30 and a debt-to-equity ratio of 30.07.

Exco Technologies (TSE:XTC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.21 earnings per share for the quarter, meeting the consensus estimate of C$0.21. Exco Technologies had a return on equity of 8.35% and a net margin of 4.84%. The company had revenue of C$161.81 million during the quarter, compared to analysts’ expectations of C$164.70 million. As a group, analysts predict that Exco Technologies Limited will post 1.1393324 earnings per share for the current fiscal year.

Exco Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Friday, September 13th. Exco Technologies’s dividend payout ratio (DPR) is presently 52.50%.

Insider Activity

In related news, Senior Officer Paul Riganelli sold 3,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$8.00, for a total value of C$25,600.00. Insiders have sold 6,975 shares of company stock worth $55,888 in the last quarter. Corporate insiders own 51.81% of the company’s stock.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.