ECN Capital (TSE:ECN) Hits New 52-Week High – Still a Buy?

Shares of ECN Capital Corp. (TSE:ECN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$3.50 and last traded at C$3.47, with a volume of 124687 shares trading hands. The stock had previously closed at C$3.41.

Analyst Ratings Changes

A number of equities analysts have recently commented on ECN shares. National Bank Financial lowered ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. CIBC upped their price target on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Cormark raised their price objective on shares of 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$2.68.

ECN Capital Price Performance

The company has a market cap of C$694.36 million, a price-to-earnings ratio of -15.46, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13. The company has a fifty day moving average price of C$3.20 and a two-hundred day moving average price of C$2.61.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, December 13th. ECN Capital’s payout ratio is -17.87%.

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.