ECN Capital (TSE:ECN) Stock Crosses Below Fifty Day Moving Average – Here’s Why

ECN Capital Corp. (TSE:ECN)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.92 and traded as low as C$2.60. ECN Capital shares last traded at C$2.65, with a volume of 193,734 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ECN shares. CIBC boosted their price objective on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a report on Thursday, January 30th. National Bank Financial downgraded ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$2.77.

ECN Capital Trading Up 1.9 %

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 company has a market capitalization of C$531.81 million, a price-to-earnings ratio of -11.84, a P/E/G ratio of 0.24 and a beta of 1.35. The business’s 50-day moving average price is C$2.92 and its two-hundred day moving average price is C$2.82.

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.04 annualized dividend and a yield of 1.51%. ECN Capital’s dividend payout ratio is presently -17.87%.

Insider Transactions at ECN Capital

In other news, Director Steven Kenneth Hudson bought 200,000 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of C$2.63 per share, for a total transaction of C$525,080.00. 18.31% of the stock is currently owned by insiders.

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.