ECN Capital (TSE:ECN) Trading Up 6.7%

ECN Capital Corp. (TSE:ECN)’s stock price traded up 6.7% during mid-day trading on Thursday . The company traded as high as C$1.77 and last traded at C$1.76. 187,096 shares were traded during trading, a decline of 50% from the average session volume of 376,297 shares. The stock had previously closed at C$1.65.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. BMO Capital Markets lowered their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a research note on Tuesday, March 26th. Royal Bank of Canada dropped their price target on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. National Bankshares reduced their price objective on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating on the stock in a research note on Friday, March 22nd. TD Securities lowered their target price on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Friday, March 22nd. Finally, CIBC reduced their price target on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$2.45.

ECN Capital Trading Down 0.6 %

The firm has a market capitalization of C$495.51 million, a price-to-earnings ratio of -2.95, a PEG ratio of 0.24 and a beta of 1.22. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The company has a 50-day moving average price of C$2.21 and a 200-day moving average price of C$2.42.

ECN Capital (TSE:ECN) last announced its quarterly earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The business had revenue of C$34.84 million during the quarter, compared to analyst estimates of C$56.43 million. As a group, research analysts forecast that ECN Capital Corp. will post 0.1698944 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 19th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 2.26%. ECN Capital’s dividend payout ratio is currently -6.67%.

Insider Activity at ECN Capital

In other news, Director Steven Kenneth Hudson bought 200,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average price of C$1.89 per share, for a total transaction of C$377,400.00. Insiders purchased a total of 400,100 shares of company stock valued at $721,019 over the last ninety days. Insiders own 18.42% 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.