Exco Technologies (TSE:XTC) Sets New 1-Year Low – What’s Next?

Exco Technologies Limited (TSE:XTC)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$5.98 and last traded at C$5.98, with a volume of 26393 shares traded. The stock had previously closed at C$6.17.

Analyst Ratings Changes

Separately, Cormark lowered Exco Technologies from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Exco Technologies Price Performance

The stock has a market capitalization of C$232.40 million, a P/E ratio of 8.24 and a beta of 1.15. The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17. The company has a fifty day simple moving average of C$6.88 and a two-hundred day simple moving average of C$7.71.

Exco Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend was Tuesday, December 17th. Exco Technologies’s payout ratio is 57.69%.

Insider Buying and Selling at Exco Technologies

In other news, Senior Officer William Peter Schroers sold 12,000 shares of Exco Technologies stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total transaction of C$90,120.00. Also, insider Paul Robbins sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$6.53, for a total value of C$163,302.50. Insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

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.