ECN Capital (TSE:ECN) Trading 10.7% Higher - Time to Buy?

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) traded up 10.7% during mid-day trading on Thursday . The company traded as high as C$2.28 and last traded at C$2.28. 528,853 shares changed hands during trading, an increase of 58% from the average session volume of 334,650 shares. The stock had previously closed at C$2.06.

Analyst Ratings Changes

Several brokerages have commented on ECN. National Bankshares upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. BMO Capital Markets raised their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, CIBC upped their target price on shares of ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, ECN Capital presently has a consensus rating of "Hold" and an average target price of C$2.48.

ECN Capital Stock Up 14.1 %

The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The business's 50-day simple moving average is C$2.11 and its 200 day simple moving average is C$1.93. The firm has a market cap of C$660.63 million, a PE ratio of -6.67, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. The business had revenue of C$79.37 million for the quarter, compared to analysts' expectations of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. As a group, equities research analysts expect that ECN Capital Corp. will post 0.2446449 earnings per share for the current year.

ECN Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, September 13th. ECN Capital's payout ratio is -12.12%.

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.

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