ECN Capital (TSE:ECN) Hits New 52-Week High on Analyst Upgrade

ECN Capital Corp. (TSE:ECNGet Free Report) shares reached a new 52-week high on Friday after CIBC raised their price target on the stock from C$2.25 to C$2.50. The stock traded as high as C$19.35 and last traded at C$2.82, with a volume of 902072 shares changing hands. The stock had previously closed at C$2.37.

Other equities research analysts also recently issued reports about the stock. National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets lifted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$2.52.

View Our Latest Research Report on ECN

ECN Capital Trading Up 23.6 %

The firm has a market capitalization of C$823.68 million, a PE ratio of -8.88, a PEG ratio of 0.24 and a beta of 1.35. The firm’s fifty day moving average is C$2.16 and its two-hundred day moving average is C$1.97. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81.

ECN Capital (TSE:ECNGet Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The business had revenue of C$79.37 million for the quarter, compared to analysts’ expectations of C$75.42 million. On average, equities analysts predict that ECN Capital Corp. will post 0.2446449 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, September 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

About ECN Capital

(Get Free Report)

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.

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