ECN Capital (TSE:ECN) Sets New 12-Month High – Time to Buy?

ECN Capital Corp. (TSE:ECN)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$3.27 and last traded at C$3.23, with a volume of 78148 shares changing hands. The stock had previously closed at C$3.21.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ECN shares. Cormark upped their price objective on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research note on Tuesday, November 12th. National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, CIBC boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Stock Up 3.1 %

The company’s 50-day moving average is C$2.80 and its 200 day moving average is C$2.27. The stock has a market capitalization of C$930.51 million, a PE ratio of -10.03, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. The ex-dividend date was Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.21%. ECN Capital’s payout ratio is currently -12.12%.

Insider Activity

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. Corporate insiders own 18.31% of the company’s stock.

ECN Capital Company Profile

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.