ECN Capital Corp. (TSE:ECN) Director Sells C$292,300.00 in Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson sold 100,000 shares of ECN Capital 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.

ECN Capital Price Performance

Shares of TSE:ECN opened at C$3.00 on Friday. The firm has a market cap of C$843.36 million, a price-to-earnings ratio of -9.09, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital Corp. has a 1 year low of C$1.60 and a 1 year high of C$3.25. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The business has a fifty day simple moving average of C$2.25 and a 200 day simple moving average of C$2.01.

ECN Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.33%. ECN Capital’s payout ratio is -12.12%.

Analyst Upgrades and Downgrades

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

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.