ECN Capital Corp. (TSE:ECN) Director Sells C$59,012.10 in Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total transaction of C$59,012.10.

Steven Kenneth Hudson also recently made the following trade(s):

• On Friday, November 15th, Steven Kenneth Hudson sold 100,000 shares of ECN Capital stock. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00.

ECN Capital Trading Down 4.3 %

Shares of ECN traded down C$0.13 during mid-day trading on Monday, reaching C$2.87. The company had a trading volume of 157,440 shares, compared to its average volume of 325,766. The stock has a market cap of C$806.81 million, a price-to-earnings ratio of -9.09, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The firm has a fifty day simple moving average of C$2.25 and a 200-day simple moving average of C$2.01. ECN Capital Corp. has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend yield of 1.39%. ECN Capital’s payout ratio is -12.12%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ECN. BMO Capital Markets raised their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bankshares raised their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. CIBC raised their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Cormark raised 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 research report on Tuesday, November 12th. Finally, 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. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$2.52.

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.