ECN Capital (TSE:ECN) Hits New 52-Week High Following Insider Buying Activity

ECN Capital Corp. (TSE:ECN)’s stock price hit a new 52-week high during mid-day trading on Tuesday following insider buying activity. The stock traded as high as C$23.45 and last traded at C$2.54, with a volume of 175002 shares trading hands. The stock had previously closed at C$2.61.

Specifically, Director Steven Kenneth Hudson purchased 200,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of C$2.56 per share, with a total value of C$511,300.00.

ECN Capital Stock Down 2.3%

The company has a 50 day moving average of C$2.74 and a 200-day moving average of C$2.95. The company has a market cap of C$511.74 million, a P/E ratio of -11.39, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81.

ECN Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.57%. ECN Capital’s payout ratio is currently -17.87%.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.