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

Exco Technologies Limited (TSE:XTC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$6.37 and last traded at C$6.40, with a volume of 25245 shares traded. The stock had previously closed at C$6.47.

Wall Street Analyst Weigh In

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

Exco Technologies Price Performance

The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17. The business’s 50-day simple moving average is C$7.19 and its 200-day simple moving average is C$7.84. The stock has a market cap of C$247.89 million, a PE ratio of 8.79 and a beta of 1.15.

Exco Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date was Tuesday, December 17th. Exco Technologies’s payout ratio is 57.69%.

Insider Transactions at Exco Technologies

In other Exco Technologies news, insider Paul Robbins sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$6.53, for a total value of C$163,302.50. Also, Senior Officer William Peter Schroers sold 12,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total transaction of C$90,120.00. Corporate insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

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.