ECN Capital (TSE:ECN) Sets New 52-Week High – What’s Next?

ECN Capital Corp. (TSE:ECN)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$3.27 and last traded at C$3.23, with a volume of 78148 shares. The stock had previously closed at C$3.21.

Wall Street Analyst Weigh In

ECN has been the subject of a number of recent analyst reports. Cormark lifted their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research note on Tuesday, November 12th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, CIBC raised their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Stock Up 3.1 %

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 stock has a market cap of C$930.51 million, a P/E ratio of -10.03, a P/E/G ratio of 0.24 and a beta of 1.35. The company’s 50 day moving average price is C$2.80 and its two-hundred day moving average price is C$2.27.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$2.92, for a total value of C$292,300.00. Company insiders own 18.31% of the company’s stock.

ECN Capital Company Profile

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.