Exco Technologies (TSE:XTC) Hits New 52-Week Low – Here’s Why

Exco Technologies Limited (TSE:XTC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$5.86 and last traded at C$5.87, with a volume of 11491 shares. The stock had previously closed at C$5.89.

Analyst Upgrades and Downgrades

Separately, Cormark lowered Exco Technologies from a “moderate buy” rating to a “hold” rating in a report on Monday, February 3rd.

Exco Technologies Stock Performance

The stock’s 50 day moving average price is C$6.55 and its two-hundred day moving average price is C$7.54. The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17. The firm has a market capitalization of C$224.65 million, a price-to-earnings ratio of 7.97 and a beta of 1.15.

Exco Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.105 per share. The ex-dividend date is Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a yield of 7.24%. Exco Technologies’s payout ratio is 57.69%.

Insider Activity

In related news, Senior Officer William Peter Schroers sold 12,000 shares of Exco Technologies stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total transaction of C$90,120.00. Also, insider Paul Robbins sold 25,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$6.53, for a total value of C$163,302.50. Company insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.