ECN Capital (TSE:ECN) Reaches New 1-Year High at $2.44

Shares of ECN Capital Corp. (TSE:ECNGet 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, the stock has a consensus rating of “Hold” and a consensus target price of C$3.56.

Read Our Latest Analysis on ECN

ECN Capital Trading Down 2.5 %

The company has a current ratio of 9.65, a quick ratio of 3.81 and a debt-to-equity ratio of 709.37. The company’s fifty day moving average is C$2.65 and its 200-day moving average is C$2.89. The firm has a market capitalization of C$577.58 million, a P/E ratio of -8.61, a P/E/G ratio of 0.24 and a beta of 1.08.

ECN Capital (TSE:ECNGet 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

(Get Free Report)

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.

Further Reading

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