ECN Capital Corp. (TSE:ECN) Given Average Recommendation of “Hold” by Analysts

ECN Capital Corp. (TSE:ECN) has earned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$2.52.

Several equities analysts have recently weighed in on ECN shares. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. CIBC upped their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Finally, Cormark increased their price target 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.

ECN Capital Price Performance

Shares of ECN opened at C$3.18 on Friday. The business has a 50-day moving average of C$2.97 and a 200-day moving average of C$2.36. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.43. The company has a market capitalization of C$893.96 million, a price-to-earnings ratio of -9.64, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.01 per share. The ex-dividend date was Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.26%. ECN Capital’s payout ratio is -12.12%.

Insider Activity at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total value of C$59,012.10. 18.31% of the stock is currently owned by company insiders.

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.