Exco Technologies (TSE:XTC) Stock Passes Above 200 Day Moving Average of $7.57

Exco Technologies Limited (TSE:XTC)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.57 and traded as high as C$8.00. Exco Technologies shares last traded at C$7.90, with a volume of 4,601 shares traded.

Analyst Upgrades and Downgrades

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

Exco Technologies Stock Performance

The company has a market capitalization of C$306.20 million, a P/E ratio of 10.53 and a beta of 1.19. The company has a current ratio of 2.77, a quick ratio of 1.30 and a debt-to-equity ratio of 30.90. The company’s 50 day moving average is C$7.76 and its 200-day moving average is C$7.57.

Exco Technologies (TSE:XTC) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.04. The business had revenue of C$163.83 million during the quarter, compared to analyst estimates of C$165.30 million. Exco Technologies had a net margin of 4.52% and a return on equity of 7.82%. Equities analysts anticipate that Exco Technologies Limited will post 0.7806122 EPS for the current fiscal year.

Exco Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a dividend of $0.105 per share. The ex-dividend date was Friday, June 14th. This represents a $0.42 dividend on an annualized basis and a yield of 5.32%. Exco Technologies’s dividend payout ratio is currently 56.00%.

Insider Buying and Selling at Exco Technologies

In other Exco Technologies news, Senior Officer Paul Riganelli sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$7.90, for a total transaction of C$39,500.00. In the last ninety days, insiders sold 15,000 shares of company stock worth $118,300. 51.72% of the stock is owned by corporate insiders.

About Exco Technologies

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.