Insider Selling: Exco Technologies Limited (TSE:XTC) Senior Officer Sells 3,200 Shares of Stock

Exco Technologies Limited (TSE:XTC) Senior Officer Paul Riganelli sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$8.00, for a total value of C$25,600.00.

Paul Riganelli also recently made the following trade(s):

• On Friday, August 30th, Paul Riganelli sold 700 shares of Exco Technologies stock. The shares were sold at an average price of C$8.24, for a total value of C$5,768.00.
• On Wednesday, August 28th, Paul Riganelli sold 1,500 shares of Exco Technologies stock. The stock was sold at an average price of C$8.08, for a total value of C$12,120.00.
• On Monday, August 26th, Paul Riganelli sold 100 shares of Exco Technologies stock. The stock was sold at an average price of C$8.12, for a total value of C$812.00.
• On Wednesday, August 21st, Paul Riganelli sold 300 shares of Exco Technologies stock. The shares were sold at an average price of C$7.83, for a total transaction of C$2,349.00.
• On Friday, August 16th, Paul Riganelli sold 875 shares of Exco Technologies stock. The stock was sold at an average price of C$7.72, for a total value of C$6,755.00.

Exco Technologies Stock Performance

XTC traded down C$0.11 during mid-day trading on Friday, reaching C$8.00. 19,971 shares of the company traded hands, compared to its average volume of 17,668. The stock has a market capitalization of C$309.04 million, a P/E ratio of 10.13 and a beta of 1.17. The company has a quick ratio of 1.30, a current ratio of 2.80 and a debt-to-equity ratio of 30.07. Exco Technologies Limited has a 52-week low of C$7.00 and a 52-week high of C$8.28. The company’s fifty day moving average price is C$7.85 and its 200-day moving average price is C$7.63.

Exco Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.25%. Exco Technologies’s dividend payout ratio is 52.50%.

Analyst Ratings Changes

Separately, Acumen Capital set a C$11.00 price objective on Exco Technologies and gave the stock a “buy” rating in a report on Thursday, June 27th.

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.