ECN Capital (TSE:ECN) Reaches New 12-Month High – Should You Buy?

Shares of ECN Capital Corp. (TSE:ECN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$25.70 and last traded at C$3.02, with a volume of 11977796 shares trading hands. The stock had previously closed at C$3.07.

Analyst Ratings Changes

ECN has been the subject of several recent analyst reports. Royal Bank Of Canada set a C$3.25 price objective on ECN Capital and gave the company a “hold” rating in a report on Wednesday, October 1st. Raymond James Financial downgraded ECN Capital from a “moderate buy” rating to a “hold” rating and set a C$3.25 target price on the stock. in a report on Friday, August 8th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, ECN Capital presently has a consensus rating of “Hold” and a consensus target price of C$3.33.

ECN Capital Stock Down 1.6%

The stock has a fifty day moving average price of C$2.89 and a 200 day moving average price of C$2.86. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81. The stock has a market capitalization of C$850.07 million, a P/E ratio of 111.22, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, October 1st were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. ECN Capital’s dividend payout ratio (DPR) is presently 105.56%.

ECN Capital Company Profile

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.