ECN Capital Corp. (TSE:ECN) Given Average Rating of “Hold” by Brokerages

ECN Capital Corp. (TSE:ECN) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$2.52.

Several research analysts have recently commented on the stock. Cormark raised their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday, November 12th. CIBC lifted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. National Bankshares lifted their price objective 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 objective on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

ECN Capital Stock Up 0.4 %

Shares of ECN opened at C$2.82 on Thursday. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The firm’s 50 day moving average is C$2.36 and its 200-day moving average is C$2.06. The stock has a market capitalization of C$792.76 million, a PE ratio of -8.55, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.42%. ECN Capital’s payout ratio is presently -12.12%.

Insiders Place Their Bets

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. Insiders own 18.31% of the company’s stock.

About ECN Capital

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.