Shares of ECN Capital Corp. (TSE:ECN – Get Free Report) hit a new 52-week high during trading on Friday after CIBC raised their price target on the stock from C$2.25 to C$2.50. The stock traded as high as C$19.35 and last traded at C$2.82, with a volume of 902072 shares. The stock had previously closed at C$2.37.
Several other equities analysts also recently commented on the stock. National Bankshares upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. BMO Capital Markets upped their price target on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$2.52.
Check Out Our Latest Stock Analysis on ECN Capital
ECN Capital Price Performance
ECN Capital (TSE:ECN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The firm had revenue of C$79.37 million during the quarter, compared to analysts’ expectations of C$75.42 million. As a group, analysts expect that ECN Capital Corp. will post 0.2446449 earnings per share for the current fiscal year.
ECN Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.01 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.37%. ECN Capital’s payout ratio is presently -12.12%.
About ECN Capital
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.
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