ECN Capital (TSE:ECN) Reaches New 52-Week High Following Analyst Upgrade

Shares of ECN Capital Corp. (TSE:ECNGet 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

The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The firm has a market capitalization of C$823.68 million, a P/E ratio of -8.67, a P/E/G ratio of 0.24 and a beta of 1.35. The stock’s 50 day simple moving average is C$2.15 and its 200 day simple moving average is C$1.96.

ECN Capital (TSE:ECNGet 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

(Get Free Report)

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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