ECN Capital Corp. (TSE:ECN) Receives C$2.52 Average PT from Brokerages

Shares of ECN Capital Corp. (TSE:ECN) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$2.52.

ECN has been the topic of several research reports. CIBC boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Cormark increased their price objective on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday, November 12th.

Insider Activity

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$2.91, for a total transaction of C$59,012.10. Corporate insiders own 18.31% of the company’s stock.

ECN Capital Price Performance

Shares of ECN stock opened at C$3.13 on Monday. The firm has a market capitalization of C$879.91 million, a price-to-earnings ratio of -9.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.25. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The firm has a fifty day moving average of C$2.65 and a 200-day moving average of C$2.20.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. ECN Capital’s payout ratio is currently -12.12%.

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.