ECN Capital (TSE:ECN) Hits New 52-Week High – Time to Buy?

ECN Capital Corp. (TSE:ECN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$22.49 and last traded at C$2.83, with a volume of 34034 shares changing hands. The stock had previously closed at C$2.82.

Analysts Set New Price Targets

ECN has been the topic of several analyst reports. CIBC upped their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Cormark upped their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$2.52.

ECN Capital Stock Down 0.7 %

The company has a market capitalization of C$787.14 million, a P/E ratio of -8.48, a PEG ratio of 0.24 and a beta of 1.35. The firm’s 50 day moving average price is C$2.46 and its two-hundred day moving average price is C$2.11. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 13th. ECN Capital’s payout ratio is presently -12.12%.

Insider Activity

In other ECN Capital news, Director Steven Kenneth Hudson sold 100,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00. 18.31% of the stock is currently owned by 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.