Exco Technologies (TSE:XTC) Reaches New 52-Week Low - Here's Why

Exco Technologies Limited (TSE:XTC - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$6.61 and last traded at C$6.61, with a volume of 21951 shares changing hands. The stock had previously closed at C$6.70.

Analyst Ratings Changes

Separately, Cormark cut Exco Technologies from a "moderate buy" rating to a "hold" rating in a research report on Monday, February 3rd.

Exco Technologies Price Performance

The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17. The stock has a market capitalization of C$256.02 million, a PE ratio of 9.08 and a beta of 1.15. The company has a 50-day moving average of C$7.33 and a 200 day moving average of C$7.87.

Exco Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend was Tuesday, December 17th. Exco Technologies's dividend payout ratio (DPR) is currently 57.69%.

Insiders Place Their Bets

In other Exco Technologies news, Senior Officer William Peter Schroers sold 12,000 shares of the business's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total transaction of C$90,120.00. 51.81% of the stock is currently owned by corporate insiders.

Exco Technologies Company Profile

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.