ECN Capital Corp. (TSE:ECN) Receives Average Recommendation of "Hold" from Analysts

ECN Capital Corp. (TSE:ECN - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$2.68.

A number of analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of ECN Capital from C$2.50 to C$3.50 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Cormark lifted their price objective on ECN Capital from C$2.25 to C$3.50 and gave the stock a "moderate buy" rating in a report on Tuesday, November 12th. Finally, National Bank Financial downgraded ECN Capital from a "strong-buy" rating to a "hold" rating in a report on Sunday, February 2nd.

ECN Capital Stock Down 3.4 %

TSE:ECN traded down C$0.10 during mid-day trading on Friday, reaching C$2.87. The stock had a trading volume of 389,847 shares, compared to its average volume of 169,807. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81. The stock has a market cap of C$575.96 million, a P/E ratio of -12.82, a PEG ratio of 0.24 and a beta of 1.35. The business's 50 day moving average is C$3.24 and its 200 day moving average is C$2.72. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.52.

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ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, December 13th. ECN Capital's dividend payout ratio is currently -17.87%.

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.