ECN Capital (TSE:ECN) Hits New 52-Week High - Here's Why

ECN Capital Corp. (TSE:ECN - Get Free Report)'s share price reached a new 52-week high 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.

Analysts Set New Price Targets

Several research firms have recently commented on ECN. CIBC lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bank Financial raised ECN Capital from a "hold" rating to a "strong-buy" rating in a research note 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 investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$2.52.

ECN Capital Stock Performance

The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The firm has a market capitalization of C$930.51 million, a PE ratio of -10.03, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The firm has a 50-day moving average price of C$2.80 and a 200 day moving average price of C$2.27.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, December 13th. ECN Capital's dividend payout ratio is currently -12.12%.

Insiders Place Their Bets

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$2.91, for a total transaction of C$59,012.10. Insiders own 18.31% of the company's stock.

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.