Exco Technologies (TSE:XTC) Hits New 12-Month High After Dividend Announcement

Exco Technologies Limited (TSE:XTC) shares hit a new 52-week high during trading on Friday after the company announced a dividend. The company traded as high as C$8.28 and last traded at C$8.21, with a volume of 5500 shares trading hands. The stock had previously closed at C$8.17.

The newly announced dividend which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a $0.105 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.42 annualized dividend and a yield of 5.09%. Exco Technologies’s payout ratio is presently 52.50%.

Wall Street Analyst Weigh In

Separately, Acumen Capital set a C$11.00 price objective on Exco Technologies and gave the stock a “buy” rating in a research note on Thursday, June 27th.

Exco Technologies Trading Up 2.3 %

The company has a quick ratio of 1.30, a current ratio of 2.80 and a debt-to-equity ratio of 30.07. The company has a market cap of C$318.70 million, a PE ratio of 10.31 and a beta of 1.16. The stock’s 50 day moving average is C$7.87 and its 200-day moving average is C$7.66.

Exco Technologies (TSE:XTC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.21 earnings per share for the quarter, hitting the consensus estimate of C$0.21. The firm had revenue of C$161.81 million for the quarter, compared to the consensus estimate of C$164.70 million. Exco Technologies had a return on equity of 8.35% and a net margin of 4.84%. As a group, sell-side analysts anticipate that Exco Technologies Limited will post 1.13947 EPS for the current year.

Insider Transactions at Exco Technologies

In other news, Senior Officer Paul Riganelli sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$8.00, for a total value of C$25,600.00. In the last 90 days, insiders have sold 6,975 shares of company stock valued at $55,888. 51.78% of the stock is currently owned by corporate insiders.

About Exco Technologies

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.