ECN Capital (TSE:ECN) Hits New 1-Year High – What’s Next?

Shares of ECN Capital Corp. (TSE:ECN) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$3.27 and last traded at C$3.23, with a volume of 78148 shares trading hands. The stock had previously closed at C$3.21.

Analyst Ratings Changes

Several brokerages recently weighed in on ECN. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. CIBC upped their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Finally, Cormark raised their price objective on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, ECN Capital has an average rating of “Hold” and an average target price of C$2.52.

ECN Capital Stock Up 0.3 %

The firm has a market cap of C$905.21 million, a price-to-earnings ratio of -9.76, a PEG ratio of 0.24 and a beta of 1.35. The firm has a 50 day moving average of C$2.78 and a 200 day moving average of C$2.27. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

Insider Buying and Selling

In related news, Director Steven Kenneth Hudson sold 20,300 shares of ECN Capital stock in a transaction 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. 18.31% of the stock is owned by insiders.

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.