Exco Technologies (TSE:XTC) Sets New 1-Year Low – Should You Sell?

Exco Technologies Limited (TSE:XTC)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$5.65 and last traded at C$5.70, with a volume of 21502 shares trading hands. The stock had previously closed at C$5.81.

Wall Street Analysts Forecast Growth

Separately, Cormark downgraded 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 market capitalization of C$220.39 million, a price-to-earnings ratio of 7.82 and a beta of 1.15. The company has a 50-day moving average price of C$6.41 and a 200-day moving average price of C$7.47. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend was Monday, March 17th. Exco Technologies’s dividend payout ratio is currently 57.69%.

Insiders Place Their Bets

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