ECN Capital Corp. (TSE:ECN) Receives Consensus Rating of "Hold" from Brokerages

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) have been given an average recommendation of "Hold" by the five brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$2.52.

A number of research analysts have weighed in on ECN shares. CIBC boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bankshares boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. 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. Cormark boosted 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 note on Tuesday, November 12th. Finally, BMO Capital Markets boosted their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th.

Insider Buying and Selling

In related news, Director Steven Kenneth Hudson sold 100,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$2.92, for a total value of C$292,300.00. 18.31% of the stock is owned by insiders.

ECN Capital Price Performance

The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.25. The company has a market capitalization of C$781.51 million, a PE ratio of -8.55, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company's fifty day moving average price is C$2.38 and its two-hundred day moving average price is C$2.07.

ECN Capital Announces Dividend

The firm also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital's dividend payout ratio (DPR) is presently -12.12%.

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.