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Exco Technologies (TSE:XTC) Sets New 52-Week High - Here's What Happened

Exco Technologies logo with Consumer Cyclical background

Exco Technologies Limited (TSE:XTC - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$8.66 and last traded at C$8.68, with a volume of 10530 shares. The stock had previously closed at C$8.59.

Analyst Ratings Changes

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the company a "buy" rating in a research report on Thursday, June 27th.

Check Out Our Latest Stock Report on XTC

Exco Technologies Trading Up 1.0 %

The firm has a market cap of C$335.31 million, a price-to-earnings ratio of 10.74 and a beta of 1.15. The company has a debt-to-equity ratio of 30.07, a current ratio of 2.80 and a quick ratio of 1.30. The company's 50 day simple moving average is C$8.09 and its 200 day simple moving average is C$7.81.

Exco Technologies (TSE:XTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.21. Exco Technologies had a return on equity of 8.35% and a net margin of 4.84%. The company had revenue of C$161.81 million for the quarter, compared to analyst estimates of C$164.70 million. As a group, research analysts expect that Exco Technologies Limited will post 1.1393324 earnings per share for the current fiscal year.

Exco Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Friday, September 13th. Exco Technologies's dividend payout ratio is presently 52.50%.

Insider Transactions at Exco Technologies

In other Exco Technologies news, Senior Officer Paul Riganelli sold 3,200 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$8.00, for a total value of C$25,600.00. In the last three months, insiders sold 6,975 shares of company stock valued at $55,888. Insiders own 51.81% of the company's stock.

About Exco Technologies

(Get Free Report)

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.

See Also

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