ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson Sells 20,300 Shares

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total value of C$59,012.10.

Steven Kenneth Hudson also recently made the following trade(s):

• On Friday, November 15th, Steven Kenneth Hudson sold 100,000 shares of ECN Capital stock. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00.

ECN Capital Stock Performance

ECN Capital Corp. has a 52-week low of C$1.60 and a 52-week high of C$3.25. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The stock has a market capitalization of C$806.81 million, a price-to-earnings ratio of -8.70, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The stock 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of ∞. ECN Capital’s dividend payout ratio (DPR) is currently -12.12%.

Analyst Upgrades and Downgrades

ECN has been the subject of several research reports. National Bankshares boosted their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Cormark increased their target price on shares of 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. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. CIBC increased their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.