ECN Capital (TSE:ECN) Hits New 12-Month High – What’s Next?

ECN Capital Corp. (TSE:ECN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$22.00 and last traded at C$2.89, with a volume of 55550 shares. The stock had previously closed at C$2.91.

Analyst Ratings Changes

Several research firms recently issued reports on ECN. National Bankshares upped their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. CIBC lifted their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. BMO Capital Markets raised their price objective on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Cormark boosted their price objective on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. Finally, National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Stock Up 0.4 %

The firm has a fifty day moving average price of C$2.36 and a 200 day moving average price of C$2.06. The firm has a market capitalization of C$792.76 million, a price-to-earnings ratio of -8.55, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.42%. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

Insider Buying and Selling at ECN Capital

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