Exco Technologies (TSE:XTC) Given a C$11.00 Price Target at Acumen Capital

Acumen Capital set a C$11.00 target price on Exco Technologies (TSE:XTC) in a research note published on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Exco Technologies Trading Up 4.3 %

TSE XTC opened at C$7.84 on Thursday. The company has a quick ratio of 1.30, a current ratio of 2.77 and a debt-to-equity ratio of 30.90. The firm has a market cap of C$303.88 million, a PE ratio of 10.45 and a beta of 1.19. The company has a 50 day moving average price of C$7.68 and a 200 day moving average price of C$7.56. Exco Technologies has a 52 week low of C$7.00 and a 52 week high of C$8.98.

Exco Technologies (TSE:XTC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.04. The firm had revenue of C$163.83 million during the quarter, compared to analyst estimates of C$165.30 million. Exco Technologies had a net margin of 4.52% and a return on equity of 7.82%. As a group, sell-side analysts forecast that Exco Technologies will post 0.7806122 EPS for the current fiscal year.

Exco Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.42 dividend on an annualized basis and a yield of 5.36%. Exco Technologies’s payout ratio is 56.00%.

Insider Buying and Selling at Exco Technologies

In other Exco Technologies news, Senior Officer Paul Riganelli sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$7.80, for a total transaction of C$39,000.00. In the last quarter, insiders have sold 15,000 shares of company stock worth $118,300. 51.72% of the stock is owned by corporate insiders.

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.