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

Exco Technologies Limited (TSE:XTC) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$5.98 and last traded at C$5.99, with a volume of 10077 shares traded. The stock had previously closed at C$5.92.

Wall Street Analysts Forecast Growth

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

Exco Technologies Price Performance

The company has a 50 day moving average of C$6.75 and a 200-day moving average of C$7.64. The stock has a market capitalization of C$228.52 million, a P/E ratio of 8.10 and a beta of 1.15. The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17.

Exco Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend is Monday, March 17th. Exco Technologies’s payout ratio is 57.69%.

Insider Buying and Selling at Exco Technologies

In other Exco Technologies news, Senior Officer William Peter Schroers sold 12,000 shares of the firm’s 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 the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$6.53, for a total value of C$163,302.50. 51.81% of the stock is currently owned by company insiders.

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.