ECN Capital (TSE:ECN) Lowered to “Hold” Rating by National Bank Financial

ECN Capital (TSE:ECN) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued on Sunday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on ECN. CIBC upped their target price on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Cormark upped their target price on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$2.68.

ECN Capital Stock Down 0.6 %

ECN opened at C$3.13 on Friday. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.43. 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 stock has a fifty day moving average of C$3.07 and a 200-day moving average of C$2.49. The company has a market capitalization of C$879.91 million, a P/E ratio of -9.48, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.02. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. On average, equities analysts expect that ECN Capital will post 0.2446449 EPS for the current year.

Insider Transactions at ECN Capital

In related news, Director Steven Kenneth Hudson sold 20,300 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total value of C$59,012.10. Company insiders own 18.31% of the company’s stock.

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.