Exco Technologies (TSE:XTC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Exco Technologies Limited (TSE:XTC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.81 and traded as high as C$8.63. Exco Technologies shares last traded at C$8.59, with a volume of 18,083 shares traded.

Analysts Set New Price Targets

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the stock a “buy” rating in a research note on Thursday, June 27th.

Exco Technologies Price Performance

The firm has a 50-day moving average of C$8.12 and a two-hundred day moving average of C$7.82. The company has a quick ratio of 1.30, a current ratio of 2.80 and a debt-to-equity ratio of 30.07. The company has a market capitalization of C$335.31 million, a PE ratio of 10.85 and a beta of 1.15.

Exco Technologies (TSE:XTC) last posted its earnings results on Wednesday, July 31st. The company reported C$0.21 EPS for the quarter, meeting analysts’ consensus estimates of C$0.21. The company had revenue of C$161.81 million for the quarter, compared to analysts’ expectations of C$164.70 million. Exco Technologies had a net margin of 4.84% and a return on equity of 8.35%. Equities research analysts predict that Exco Technologies Limited will post 1.1393324 earnings per share for the current fiscal year.

Exco Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.105 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.84%. Exco Technologies’s payout ratio is presently 52.50%.

Insider Buying and Selling at Exco Technologies

In other Exco Technologies news, Senior Officer Paul Riganelli sold 3,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of C$8.00, for a total transaction of C$25,600.00. Insiders sold a total of 6,975 shares of company stock valued at $55,888 in the last three months. 51.81% of the stock is owned by corporate insiders.

Exco Technologies Company Profile

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.