Exco Technologies (TSE:XTC) Reaches New 52-Week Low – Here’s What Happened

Exco Technologies Limited (TSE:XTC)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$5.98 and last traded at C$5.98, with a volume of 26393 shares. The stock had previously closed at C$6.17.

Analysts Set New Price Targets

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

Exco Technologies Stock Down 2.1 %

The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83. The stock’s 50 day simple moving average is C$6.94 and its 200 day simple moving average is C$7.73. The firm has a market cap of C$233.95 million, a P/E ratio of 8.30 and a beta of 1.15.

Exco Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.95%. Exco Technologies’s dividend payout ratio is presently 57.69%.

Insider Activity at Exco Technologies

In related news, Senior Officer William Peter Schroers sold 12,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total value of C$90,120.00. Also, insider Paul Robbins sold 25,000 shares of Exco Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$6.53, for a total transaction of C$163,302.50. 51.81% of the stock is owned by insiders.

About Exco Technologies

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.