ECN Capital (TSE:ECN) Sets New 1-Year High – Should You Buy?

ECN Capital Corp. (TSE:ECN) reached a new 52-week high during trading on Tuesday . The company traded as high as C$22.00 and last traded at C$2.89, with a volume of 55550 shares trading hands. The stock had previously closed at C$2.91.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ECN. National Bankshares raised their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. CIBC lifted their price target on ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Cormark upped their price objective on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research note on Tuesday, November 12th. Finally, National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$2.52.

ECN Capital Trading Down 3.1 %

The company has a fifty day moving average of C$2.33 and a two-hundred day moving average of C$2.05. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The stock has a market capitalization of C$792.76 million, a price-to-earnings ratio of -8.82, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is currently -12.12%.

Insider Transactions at ECN Capital

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$2.91, for a total value of C$59,012.10. 18.31% of the stock is owned by company insiders.

ECN Capital Company Profile

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.