ECN Capital (TSE:ECN) Stock Price Crosses Below 50 Day Moving Average of $2.06

ECN Capital Corp. (TSE:ECN) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.06 and traded as low as C$2.05. ECN Capital shares last traded at C$2.10, with a volume of 72,600 shares trading hands.

Wall Street Analyst Weigh In

ECN has been the subject of several research reports. BMO Capital Markets increased their target price on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. CIBC increased their price target on shares of ECN Capital from C$2.00 to C$2.25 in a report on Thursday, August 8th. Finally, National Bankshares lifted their price objective on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, ECN Capital has an average rating of “Hold” and a consensus target price of C$2.48.

ECN Capital Trading Up 1.9 %

The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The stock has a market capitalization of C$590.35 million, a PE ratio of -6.36, a P/E/G ratio of 0.24 and a beta of 1.35. The stock has a 50 day moving average price of C$2.06 and a 200-day moving average price of C$1.95.

ECN Capital (TSE:ECN) last posted its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. The company had revenue of C$79.37 million for the quarter, compared to the consensus estimate of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. Sell-side analysts expect that ECN Capital Corp. will post 0.2455726 earnings per share for the current year.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, September 13th. ECN Capital’s payout ratio is -12.12%.

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.