Steven Kenneth Hudson Purchases 200,000 Shares of ECN Capital Corp. (TSE:ECN) Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson bought 200,000 shares of ECN Capital stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of C$2.63 per share, for a total transaction of C$525,080.00.

ECN Capital Price Performance

Shares of TSE:ECN remained flat at C$2.52 during midday trading on Tuesday. 62,330 shares of the stock traded hands, compared to its average volume of 161,199. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81. The stock’s 50 day simple moving average is C$3.03 and its 200 day simple moving average is C$2.80. The stock has a market cap of C$505.72 million, a PE ratio of -11.26, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital Corp. has a 52-week low of C$1.60 and a 52-week high of C$3.52.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, March 20th. ECN Capital’s dividend payout ratio (DPR) is currently -17.87%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. CIBC lifted their target price on shares of 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. National Bank Financial cut ECN Capital from a “strong-buy” rating to a “hold” rating in a report on Sunday, February 2nd. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, ECN Capital has a consensus rating of “Hold” and a consensus price target of C$2.77.

ECN Capital Company Profile

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.