Exco Technologies (TSE:XTC) Sets New 52-Week Low – Here’s Why

Exco Technologies Limited (TSE:XTC) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$5.65 and last traded at C$5.70, with a volume of 21502 shares traded. The stock had previously closed at C$5.81.

Wall Street Analysts Forecast Growth

Separately, Cormark cut shares of Exco Technologies from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Exco Technologies Trading Down 2.1 %

The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17. The firm has a market cap of C$215.74 million, a PE ratio of 7.65 and a beta of 1.15. The firm has a fifty day simple moving average of C$6.34 and a two-hundred day simple moving average of C$7.45.

Exco Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend was Monday, March 17th. Exco Technologies’s payout ratio is presently 57.69%.

Insider Activity

In other Exco Technologies news, insider Paul Robbins sold 25,000 shares of Exco Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$6.53, for a total value of C$163,302.50. Company insiders own 51.81% of the company’s stock.

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.