Shares of Exco Technologies Limited (TSE:XTC – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.74 and traded as high as C$8.05. Exco Technologies shares last traded at C$7.99, with a volume of 6,155 shares.
Wall Street Analyst Weigh In
Separately, Acumen Capital set a C$11.00 target price on shares of Exco Technologies and gave the company a “buy” rating in a research note on Thursday, June 27th.
Check Out Our Latest Report on XTC
Exco Technologies Stock Performance
Exco Technologies (TSE:XTC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.21. The business had revenue of C$161.81 million during the quarter, compared to analysts’ expectations of C$164.70 million. Exco Technologies had a net margin of 4.84% and a return on equity of 8.35%. On average, research analysts anticipate that Exco Technologies Limited will post 1.1393324 earnings per share for the current year.
Exco Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date was Friday, September 13th. Exco Technologies’s dividend payout ratio is presently 52.50%.
Insiders Place Their Bets
In other news, Senior Officer Paul Riganelli sold 3,200 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$8.00, for a total transaction of C$25,600.00. Over the last three months, insiders have sold 6,975 shares of company stock worth $55,888. Company 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.
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