ECN Capital (TSE:ECN) Stock Rating Lowered by National Bank Financial

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

ECN has been the subject of several other reports. Cormark lifted their target price 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, November 12th. CIBC raised their target price on shares of ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$2.68.

ECN Capital Stock Performance

TSE ECN opened at C$3.13 on Friday. The company’s fifty day moving average is C$3.07 and its two-hundred day moving average is C$2.49. The firm has a market capitalization of C$879.91 million, a price-to-earnings ratio of -9.48, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.43.

ECN Capital (TSE:ECN) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts forecast that ECN Capital will post 0.2446449 EPS for the current year.

Insider Buying and Selling at ECN Capital

In related news, Director Steven Kenneth Hudson sold 20,300 shares of ECN Capital stock in a transaction dated 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.

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.