Exco Technologies (TSE:XTC) Reaches New 12-Month Low on Insider Selling

Exco Technologies Limited (TSE:XTC)’s stock price reached a new 52-week low during mid-day trading on Wednesday following insider selling activity. The company traded as low as C$6.54 and last traded at C$6.55, with a volume of 8660 shares changing hands. The stock had previously closed at C$6.60.

Specifically, insider Paul Robbins sold 25,000 shares of Exco Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$6.53, for a total value of C$163,302.50.

Wall Street Analyst Weigh In

Separately, Cormark downgraded Exco Technologies from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Exco Technologies Trading Down 0.2 %

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 business’s fifty day moving average is C$7.33 and its 200 day moving average is C$7.87. The stock has a market cap of C$255.25 million, a PE ratio of 9.05 and a beta of 1.15.

Exco Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Tuesday, December 17th. Exco Technologies’s dividend payout ratio (DPR) is 57.69%.

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.