ECN Capital (TSE:ECN) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of ECN Capital Corp. (TSE:ECN) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.06 and traded as low as C$3.05. ECN Capital shares last traded at C$3.06, with a volume of 720,072 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada decreased their target price on ECN Capital from C$3.25 to C$3.10 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$3.18.

ECN Capital Stock Performance

The stock has a market cap of C$862.10 million, a price-to-earnings ratio of 61.20, a P/E/G ratio of 0.24 and a beta of 1.67. The firm’s 50-day moving average is C$3.06 and its two-hundred day moving average is C$3.00. The company has a current ratio of 8.03, a quick ratio of 3.81 and a debt-to-equity ratio of 284.21.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. ECN Capital’s dividend payout ratio is presently 57.56%.

ECN Capital Company Profile

With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its ” Partners “). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.