Exco Technologies (TSE:XTC) Shares Cross Above 200-Day Moving Average of $7.68

Exco Technologies Limited (TSE:XTC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.68 and traded as high as C$8.11. Exco Technologies shares last traded at C$8.07, with a volume of 4,756 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the stock a “buy” rating in a research report on Thursday, June 27th.

Exco Technologies Stock Performance

The firm has a market capitalization of C$311.74 million, a price-to-earnings ratio of 10.09 and a beta of 1.16. The company has a current ratio of 2.80, a quick ratio of 1.30 and a debt-to-equity ratio of 30.07. The stock has a fifty day moving average price of C$7.91 and a 200-day moving average price of C$7.68.

Exco Technologies (TSE:XTC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.21. Exco Technologies had a net margin of 4.84% and a return on equity of 8.35%. The business had revenue of C$161.81 million during the quarter, compared to analyst estimates of C$164.70 million. As a group, analysts anticipate that Exco Technologies Limited will post 1.13947 earnings per share for the current fiscal year.

Exco Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, September 13th. Exco Technologies’s dividend payout ratio is currently 52.50%.

Insider Buying and Selling

In other news, Senior Officer Paul Riganelli sold 3,200 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$8.00, for a total transaction of C$25,600.00. In the last three months, insiders sold 6,975 shares of company stock valued at $55,888. 51.78% of the stock is owned by corporate insiders.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.