ECN Capital Corp. (TSE:ECN - Get Free Report) reached a new 52-week high on Monday after the company announced a dividend. The stock traded as high as C$3.20 and last traded at C$3.20, with a volume of 168818 shares traded. The stock had previously closed at C$2.92.
The newly announced dividend which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, December 13th. ECN Capital's dividend payout ratio is presently -12.12%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on ECN. Cormark boosted their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a "moderate buy" rating in a research note on Tuesday, November 12th. CIBC upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Finally, National Bank Financial upgraded ECN Capital from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$2.52.
View Our Latest Analysis on ECN
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. The company has a 50 day moving average price of C$2.52 and a 200 day moving average price of C$2.14. The firm has a market cap of C$868.66 million, a PE ratio of -9.67, a PEG ratio of 0.24 and a beta of 1.35.
Insider Buying and Selling
In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total value of C$59,012.10. 18.31% of the stock is currently owned by corporate insiders.
ECN Capital Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider ECN Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ECN Capital wasn't on the list.
While ECN Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
