Exco Technologies (TSE:XTC) Sets New 52-Week Low – Here’s Why

Exco Technologies Limited (TSE:XTC) reached a new 52-week low on Wednesday . The company traded as low as C$5.28 and last traded at C$5.38, with a volume of 12426 shares. The stock had previously closed at C$5.28.

Wall Street Analysts Forecast Growth

Separately, Cormark downgraded Exco Technologies from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Exco Technologies Stock Up 4.1 %

The stock has a market cap of C$214.97 million, a price-to-earnings ratio of 7.62 and a beta of 1.15. The business’s 50 day moving average is C$6.14 and its 200-day moving average is C$7.34. The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83.

Exco Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.105 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.42 annualized dividend and a dividend yield of 7.57%. Exco Technologies’s dividend payout ratio (DPR) is 57.69%.

Insider Transactions at Exco Technologies

In other news, insider Paul Robbins sold 25,000 shares of Exco Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$6.53, for a total value of C$163,302.50. Corporate insiders own 51.81% of the company’s stock.

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.