Exco Technologies (TSE:XTC) Reaches New 52-Week High – Should You Buy?

Shares of Exco Technologies Limited (TSE:XTC) hit a new 52-week high on Wednesday . The company traded as high as C$8.35 and last traded at C$8.32, with a volume of 20056 shares changing hands. The stock had previously closed at C$8.25.

Analyst Ratings Changes

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the stock a “buy” rating in a research report on Thursday, June 27th.

Exco Technologies Stock Performance

The company has a debt-to-equity ratio of 30.07, a quick ratio of 1.30 and a current ratio of 2.80. The stock’s 50-day simple moving average is C$7.97 and its two-hundred day simple moving average is C$7.76. The stock has a market cap of C$324.49 million, a price-to-earnings ratio of 10.31 and a beta of 1.15.

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

Exco Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.42 annualized dividend and a dividend yield of 5.00%. Exco Technologies’s dividend payout ratio is 52.50%.

Insider Buying and Selling

In related news, Senior Officer Paul Riganelli sold 3,200 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$8.00, for a total value of C$25,600.00. Over the last quarter, insiders have sold 6,975 shares of company stock valued at $55,888. 51.81% of the stock is owned by company 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.