ECN Capital (TSE:ECN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

ECN Capital Corp. (TSE:ECN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.77 and traded as high as C$2.81. ECN Capital shares last traded at C$2.71, with a volume of 94,979 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. CIBC upped their price target on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. National Bank Financial lowered shares of ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, ECN Capital presently has an average rating of “Hold” and an average price target of C$2.77.

ECN Capital Trading Down 0.7 %

The stock has a 50-day moving average of C$3.12 and a two-hundred day moving average of C$2.77. The company has a market cap of C$543.85 million, a P/E ratio of -12.11, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 304.13, a quick ratio of 3.81 and a current ratio of 13.28.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.48%. ECN Capital’s payout ratio is presently -17.87%.

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.