ECN Capital (TSE:ECN) Share Price Crosses Below 50 Day Moving Average - Here's Why

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.05 and traded as low as C$2.55. ECN Capital shares last traded at C$2.63, with a volume of 243,759 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on ECN shares. National Bank Financial cut shares of ECN Capital from a "strong-buy" rating to a "hold" rating in a report on Sunday, February 2nd. CIBC raised their price target on ECN Capital from C$2.50 to C$3.50 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$2.77.

ECN Capital Stock Down 2.4 %

The company has a debt-to-equity ratio of 304.13, a quick ratio of 3.81 and a current ratio of 13.28. The company has a market cap of C$493.68 million, a price-to-earnings ratio of -10.99, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The business's 50 day simple moving average is C$3.00 and its 200-day simple moving average is C$2.80.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. ECN Capital's dividend payout ratio is currently -17.87%.

Insider Buying and Selling at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson bought 200,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of C$2.63 per share, for a total transaction of C$525,080.00. Corporate insiders own 18.31% of the company's stock.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company's operating segment includes Service Finance - Home Improvement Loans; KG - Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services - Manufactured Home Loans and Corporate.