ECN Capital (TSE:ECN) Hits New 1-Year High – What’s Next?

ECN Capital Corp. (TSE:ECN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$20.75 and last traded at C$2.88, with a volume of 77570 shares changing hands. The stock had previously closed at C$2.95.

Wall Street Analyst Weigh In

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

ECN Capital Price Performance

The stock has a market cap of C$843.36 million, a P/E ratio of -9.09, a PEG ratio of 0.24 and a beta of 1.35. The company has a 50 day simple moving average of C$2.25 and a 200 day simple moving average of C$2.01. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. ECN Capital’s payout ratio is -12.12%.

Insider Buying and Selling at ECN Capital

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00. Company insiders own 18.31% of the company’s stock.

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.