Exco Technologies (TSE:XTC) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Exco Technologies Limited (TSE:XTC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.73 and traded as low as C$6.53. Exco Technologies shares last traded at C$6.79, with a volume of 5,610 shares traded.

Exco Technologies Stock Performance

The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17. The stock has a 50 day simple moving average of C$6.63 and a two-hundred day simple moving average of C$6.73. The stock has a market capitalization of C$257.78 million, a P/E ratio of 10.78 and a beta of 0.73.

Exco Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $0.42 annualized dividend and a dividend yield of 6.2%. Exco Technologies’s dividend payout ratio (DPR) is currently 66.67%.

Insiders Place Their Bets

In other news, insider Darren Michael Kirk purchased 32,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of C$6.70 per share, with a total value of C$214,400.00. Following the completion of the transaction, the insider owned 70,354 shares of the company’s stock, valued at C$471,371.80. The trade was a 83.43% increase in their position. Insiders own 51.81% of the company’s stock.

About Exco Technologies

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers.