ECN Capital (TSE:ECN) Hits New 1-Year High – What’s Next?

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cormark increased their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday. CIBC upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bankshares upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, 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. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$2.52.

ECN Capital Stock Performance

The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The firm has a fifty day simple moving average of C$2.25 and a 200 day simple moving average of C$2.01. The company has a market cap of C$843.36 million, a price-to-earnings ratio of -9.09, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

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

Insider Buying and Selling at ECN Capital

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$2.92, for a total value of C$292,300.00. Corporate insiders own 18.31% of the company’s stock.

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.