ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson Sells 100,000 Shares

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson sold 100,000 shares of ECN Capital stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00.

ECN Capital Price Performance

ECN Capital stock opened at C$3.00 on Friday. The stock has a fifty day moving average of C$2.25 and a 200-day moving average of C$2.01. The stock has a market capitalization of C$843.36 million, a P/E ratio of -9.09, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. ECN Capital Corp. has a 52 week low of C$1.60 and a 52 week high of C$3.25.

ECN Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.33%. ECN Capital’s payout ratio is currently -12.12%.

Wall Street Analysts Forecast Growth

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

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.