ECN Capital (TSE:ECN) Hits New 52-Week Low After Analyst Downgrade

ECN Capital Corp. (TSE:ECNGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday after CIBC lowered their price target on the stock from C$3.00 to C$1.90. CIBC currently has a neutral rating on the stock. ECN Capital traded as low as C$1.60 and last traded at C$1.79, with a volume of 906780 shares. The stock had previously closed at C$1.80.

ECN has been the subject of a number of other reports. Royal Bank of Canada cut their price objective on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research report on Friday. TD Securities lowered their target price on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday. Finally, National Bankshares lowered their target price on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to, ECN Capital presently has an average rating of “Hold” and a consensus target price of C$2.54.

Check Out Our Latest Research Report on ECN

Insider Activity

In other ECN Capital news, Director William Wayne Lovatt bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of C$1.71 per share, for a total transaction of C$342,000.00. Company insiders own 17.99% of the company’s stock.

ECN Capital Stock Performance

The firm has a 50 day moving average of C$2.63 and a two-hundred day moving average of C$2.50. The stock has a market cap of C$503.91 million, a PE ratio of -3.05, a PEG ratio of 0.24 and a beta of 1.29. The company has a debt-to-equity ratio of 447.65, a current ratio of 11.69 and a quick ratio of 3.81.

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.

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