Shares of ECN Capital Corp. (TSE:ECN – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.44 and last traded at C$2.40, with a volume of 12535 shares trading hands. The stock had previously closed at C$2.44.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on ECN shares. Cormark cut their price target on shares of ECN Capital from C$3.25 to C$2.75 in a report on Wednesday, May 17th. TD Securities dropped their price objective on shares of ECN Capital from C$3.50 to C$2.75 and set a “hold” rating on the stock in a research note on Wednesday, August 16th. National Bankshares dropped their price objective on shares of ECN Capital from C$4.50 to C$3.50 in a research note on Tuesday, August 15th. CIBC dropped their price objective on shares of ECN Capital from C$3.50 to C$3.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. Finally, Raymond James upgraded shares of ECN Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$3.00 to C$4.00 in a research note on Tuesday, August 15th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$3.56.
ECN Capital Trading Down 2.5 %
ECN Capital (TSE:ECN – Get Free Report) last posted its quarterly earnings data on Monday, August 14th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.05). The firm had revenue of C$50.95 million for the quarter, compared to the consensus estimate of C$88.44 million. ECN Capital had a negative return on equity of 24.88% and a negative net margin of 36.95%. As a group, sell-side analysts anticipate that ECN Capital Corp. will post 0.2935561 earnings per share for the current fiscal year.
ECN Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, October 2nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 14th. ECN Capital’s dividend payout ratio is currently -14.29%.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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