ECN Capital (TSE:ECN) Reaches New 12-Month High – Time to Buy?

ECN Capital Corp. (TSE:ECN) hit a new 52-week high on Friday . The company traded as high as C$3.27 and last traded at C$3.23, with a volume of 78148 shares. The stock had previously closed at C$3.21.

Analyst Upgrades and Downgrades

ECN has been the subject of several recent analyst reports. Cormark upped their target price on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a report on Tuesday, November 12th. CIBC upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Finally, National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$2.52.

ECN Capital Stock Up 0.3 %

The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The stock has a 50-day simple moving average of C$2.78 and a 200-day simple moving average of C$2.27. The firm has a market capitalization of C$905.21 million, a PE ratio of -9.76, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, December 13th. ECN Capital’s dividend payout ratio is currently -12.12%.

Insider Buying and Selling at ECN Capital

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total value of C$292,300.00. 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.