Exco Technologies (TSE:XTC) Shares Cross Above 200-Day Moving Average - Here's What Happened

Exco Technologies Limited (TSE:XTC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.74 and traded as high as C$8.05. Exco Technologies shares last traded at C$7.99, with a volume of 6,155 shares changing hands.

Analyst Upgrades and Downgrades

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

Exco Technologies Trading Up 1.4 %

The company has a 50-day moving average of C$7.92 and a 200 day moving average of C$7.74. 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 has a market cap of C$312.90 million, a PE ratio of 10.13 and a beta of 1.15.

Exco Technologies (TSE:XTC - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported C$0.21 earnings per share for the quarter, meeting the consensus estimate of C$0.21. The firm had revenue of C$161.81 million for the quarter, compared to the consensus estimate of C$164.70 million. Exco Technologies had a return on equity of 8.35% and a net margin of 4.84%. Analysts predict that Exco Technologies Limited will post 1.1393324 earnings per share for the current year.

Exco Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.19%. Exco Technologies's dividend payout ratio is presently 52.50%.

Insider Activity at Exco Technologies

In related news, Senior Officer Paul Riganelli sold 3,200 shares of the business's stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$8.00, for a total transaction of C$25,600.00. In the last ninety days, insiders have sold 6,975 shares of company stock worth $55,888. Insiders own 51.81% of the company's stock.

About Exco Technologies

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.