ECN Capital (TSE:ECN) Reaches New 12-Month High – Time to Buy?

ECN Capital Corp. (TSE:ECN)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$3.42 and last traded at C$3.39, with a volume of 149768 shares trading hands. The stock had previously closed at C$3.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. CIBC boosted their price target on shares of ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Cormark boosted their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. Finally, National Bank Financial lowered shares of ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, ECN Capital presently has a consensus rating of “Hold” and a consensus target price of C$2.68.

ECN Capital Stock Performance

The company has a market capitalization of C$944.56 million, a P/E ratio of -10.18, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The stock’s 50 day simple moving average is C$3.08 and its two-hundred day simple moving average is C$2.50.

ECN Capital (TSE:ECN) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. As a group, research analysts expect that ECN Capital Corp. will post 0.2446449 earnings per share for the current year.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

Insider Buying and Selling

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total value of C$59,012.10. 18.31% of the stock is currently owned by insiders.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.