ECN Capital Corp. (TSE:ECN) Given Consensus Rating of “Hold” by Brokerages

Shares of ECN Capital Corp. (TSE:ECN) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$2.68.

A number of equities analysts have recently commented on ECN shares. National Bank Financial downgraded ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday, February 2nd. CIBC upped their price objective on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, 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.

ECN Capital Price Performance

ECN stock opened at C$3.40 on Tuesday. 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 company has a market capitalization of C$955.81 million, a PE ratio of -10.30, a P/E/G ratio of 0.24 and a beta of 1.35. The business’s fifty day moving average price is C$3.12 and its 200 day moving average price is C$2.54. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.52.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

Insider Buying and Selling

In other ECN Capital news, Director Steven Kenneth Hudson sold 100,000 shares of ECN Capital stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$2.92, for a total transaction of C$292,300.00. 18.31% of the stock is 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.