ECN Capital (TSE:ECN) Hits New 1-Year High – Here’s Why

ECN Capital Corp. (TSE:ECN) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$3.50 and last traded at C$3.47, with a volume of 124687 shares traded. The stock had previously closed at C$3.41.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ECN shares. National Bank Financial cut ECN Capital from a “strong-buy” rating to a “hold” rating in a report on Sunday, February 2nd. CIBC lifted their price target on ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Cormark upped their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$2.68.

ECN Capital Trading Up 1.5 %

The company has a quick ratio of 3.81, a current ratio of 13.28 and a debt-to-equity ratio of 304.13. The company has a market cap of C$694.36 million, a P/E ratio of -15.46, a P/E/G ratio of 0.24 and a beta of 1.35. The business has a 50-day moving average price of C$3.20 and a two-hundred day moving average price of C$2.61.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.01 per share. The ex-dividend date was Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.16%. ECN Capital’s payout ratio is presently -17.87%.

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.