ECN Capital Corp. (TSE:ECN – Get Free Report) was up 1% during mid-day trading on Tuesday . The company traded as high as C$2.08 and last traded at C$2.06. Approximately 124,237 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 350,495 shares. The stock had previously closed at C$2.04.
Analyst Ratings Changes
Several research firms have commented on ECN. BMO Capital Markets lifted their price target on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bankshares upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, CIBC increased their price target on shares of ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, ECN Capital presently has an average rating of “Hold” and an average price target of C$2.48.
Check Out Our Latest Analysis on ECN
ECN Capital Price Performance
ECN Capital (TSE:ECN – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The company had revenue of C$79.37 million during the quarter, compared to analysts’ expectations of C$75.42 million. As a group, equities analysts forecast that ECN Capital Corp. will post 0.2434679 EPS for the current fiscal year.
ECN Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, September 13th. ECN Capital’s dividend payout ratio is currently -12.50%.
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.
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