ECN Capital (TSE:ECN) Cut to “Hold” at National Bank Financial

National Bank Financial lowered shares of ECN Capital (TSE:ECN) from a strong-buy rating to a hold rating in a research note published on Sunday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. CIBC boosted their price target on shares of ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Cormark boosted their target price on 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. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, ECN Capital presently has an average rating of “Hold” and an average price target of C$2.68.

ECN Capital Trading Down 1.0 %

Shares of ECN opened at C$3.10 on Friday. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The firm has a 50-day moving average price of C$3.08 and a 200 day moving average price of C$2.49. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.43. The firm has a market capitalization of C$871.47 million, a P/E ratio of -9.39, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. Sell-side analysts forecast that ECN Capital will post 0.2446449 EPS for the current year.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, December 13th. ECN Capital’s payout ratio is currently -12.12%.

Insider Activity at ECN Capital

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

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.