Royal Bank Of Canada Has Lowered Expectations for ECN Capital (TSE:ECN) Stock Price

ECN Capital (TSE:ECN) had its price objective dropped by stock analysts at Royal Bank Of Canada from C$3.25 to C$3.10 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 1.64% from the stock’s previous close.

ECN Capital Price Performance

Shares of TSE:ECN remained flat at C$3.05 during trading on Monday. The stock had a trading volume of 237,906 shares, compared to its average volume of 194,199. The stock has a 50 day simple moving average of C$2.98 and a two-hundred day simple moving average of C$2.93. The company has a quick ratio of 3.81, a current ratio of 13.28 and a debt-to-equity ratio of 304.13. The company has a market capitalization of C$859.29 million, a PE ratio of 64.68, a price-to-earnings-growth ratio of 0.24 and a beta of 1.72. ECN Capital has a 52 week low of C$2.38 and a 52 week high of C$3.52.

ECN Capital (TSE:ECN) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$104.04 million for the quarter. ECN Capital had a negative net margin of 24.40% and a negative return on equity of 21.93%. On average, analysts forecast that ECN Capital will post 0.2446449 EPS for the current year.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate. It generates maximum revenue from the Service Finance – Home Improvement Loans.