Exco Technologies (TSE:XTC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Exco Technologies Limited (TSE:XTC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.86 and traded as high as C$8.50. Exco Technologies shares last traded at C$8.39, with a volume of 7,456 shares.

Exco Technologies Stock Performance

The company’s fifty day simple moving average is C$8.19 and its 200 day simple moving average is C$7.87. The stock has a market capitalization of C$325.65 million, a P/E ratio of 10.54 and a beta of 1.15. The company has a current ratio of 2.80, a quick ratio of 1.30 and a debt-to-equity ratio of 30.07.

Exco Technologies (TSE:XTC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.21. The company had revenue of C$161.81 million during the quarter, compared to analyst estimates of C$164.70 million. Exco Technologies had a return on equity of 8.35% and a net margin of 4.84%. As a group, sell-side analysts forecast that Exco Technologies Limited will post 1.1393324 earnings per share for the current fiscal year.

Exco Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, September 13th. Exco Technologies’s payout ratio is 52.50%.

Insider Activity at Exco Technologies

In other Exco Technologies news, Senior Officer Paul Riganelli sold 3,200 shares of the business’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. Insiders have sold 6,975 shares of company stock valued at $55,888 over the last three months. 51.81% of the stock is owned by corporate insiders.

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.