ECN Capital (TSE:ECN) Hits New 12-Month High – What’s Next?

ECN Capital Corp. (TSE:ECN)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$22.00 and last traded at C$2.89, with a volume of 55550 shares traded. The stock had previously closed at C$2.91.

Analyst Upgrades and Downgrades

ECN has been the topic of several recent research reports. BMO Capital Markets lifted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. CIBC lifted their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. National Bankshares raised their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, Cormark upped their price objective on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$2.52.

ECN Capital Stock Up 0.4 %

The firm has a market cap of C$792.76 million, a P/E ratio of -8.55, a P/E/G ratio of 0.24 and a beta of 1.35. The firm’s fifty day moving average is C$2.36 and its 200 day moving average is C$2.06. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s dividend payout ratio is presently -12.12%.

Insider Transactions at ECN Capital

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. 18.31% of the stock is owned by corporate insiders.

ECN Capital Company Profile

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.