ECN Capital Corp. (TSE:ECN) Director Buys C$525,080.00 in Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson bought 200,000 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of C$2.63 per share, with a total value of C$525,080.00.

ECN Capital Price Performance

TSE ECN remained flat at C$2.52 during trading hours on Tuesday. 62,330 shares of the company were exchanged, compared to its average volume of 161,199. ECN Capital Corp. has a one year low of C$1.60 and a one year high of C$3.52. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13. The business’s 50-day simple moving average is C$3.03 and its 200-day simple moving average is C$2.80. The company has a market cap of C$505.72 million, a price-to-earnings ratio of -11.26, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.59%. ECN Capital’s payout ratio is -17.87%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ECN. CIBC raised their price objective on shares of ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a report on Thursday, January 30th. National Bank Financial lowered ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$2.77.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.