Steven Kenneth Hudson Purchases 200,000 Shares of ECN Capital Corp. (TSE:ECN) Stock

ECN Capital Corp. (TSE:ECNGet Free Report) Director Steven Kenneth Hudson acquired 200,000 shares of ECN Capital stock in a transaction on Wednesday, March 27th. The stock was acquired at an average cost of C$1.89 per share, for a total transaction of C$377,400.00.

ECN Capital Trading Up 9.4 %

TSE ECN opened at C$2.09 on Friday. The stock has a 50-day simple moving average of C$2.56 and a 200 day simple moving average of C$2.49. The company has a market capitalization of C$585.10 million, a PE ratio of -3.54, a P/E/G ratio of 0.24 and a beta of 1.29. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. ECN Capital Corp. has a 12 month low of C$1.60 and a 12 month high of C$3.38.

ECN Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Tuesday, April 9th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.04 dividend on an annualized basis and a yield of 1.91%. ECN Capital’s dividend payout ratio is presently -6.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ECN shares. National Bankshares dropped 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 research report on Friday, March 22nd. Royal Bank of Canada dropped their target price 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, March 22nd. CIBC dropped their target price on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research report on Monday, March 25th. BMO Capital Markets dropped their target price on ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday. Finally, TD Securities dropped their target price on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, ECN Capital currently has a consensus rating of “Hold” and a consensus price target of C$2.45.

View Our Latest Report on ECN Capital

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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