Echelon Financial Holdings Inc (TSE:EFH) gapped down before the market opened on Wednesday after an insider sold shares in the company. The stock had previously closed at $7.00, but opened at $1.44. Echelon Financial shares last traded at $1.25, with a volume of 12,226 shares traded.
Specifically, Director Serge Lavoie sold 53,443 shares of Echelon Financial stock in a transaction dated Monday, August 31st. The stock was sold at an average price of C$6.14, for a total transaction of C$328,353.79. Following the sale, the director now directly owns -28,032 shares of the company’s stock, valued at C($172,228.61). Also, Director Murray Wallace sold 30,000 shares of Echelon Financial stock in a transaction dated Friday, August 28th. The stock was sold at an average price of C$6.14, for a total value of C$184,200.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at C$30,700. Over the last ninety days, insiders have sold 92,747 shares of company stock worth $573,960.
The firm has a market capitalization of $84.05 million and a price-to-earnings ratio of 875.00. The stock has a 50 day moving average of C$5.95 and a 200 day moving average of C$5.82. The company has a quick ratio of 1.99, a current ratio of 2.15 and a debt-to-equity ratio of 0.56.
The company also recently declared a None dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were paid a $5.60 dividend. The ex-dividend date of this dividend was Wednesday, September 16th.
Echelon Financial Company Profile (TSE:EFH)
Echelon Financial Holdings Inc, through its subsidiaries, provides property and casualty insurance products and services in Canada. It operates in two segments, Personal Lines and Commercial Lines. The Personal Lines segment primarily underwrites specialty auto, non-standard automobile insurance; and insurance for motorcycles, antique and classic vehicles, trailers, motor-homes, recreational vehicles, and personal property.
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