ECN Capital (TSE:ECN) Reaches New 1-Year High – What’s Next?

ECN Capital Corp. (TSE:ECNGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$25.85 and last traded at C$3.05, with a volume of 730872 shares. The stock had previously closed at C$3.03.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada dropped their target price on shares of ECN Capital from C$3.25 to C$3.10 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$3.28.

Read Our Latest Analysis on ECN

ECN Capital Trading Up 0.7%

The firm’s 50-day moving average price is C$3.00 and its 200 day moving average price is C$2.95. The company has a market cap of C$859.29 million, a price-to-earnings ratio of 64.68, a P/E/G ratio of 0.24 and a beta of 1.72. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13.

ECN Capital (TSE:ECNGet Free Report) last issued its earnings results on Thursday, November 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. ECN Capital had a negative net margin of 24.40% and a negative return on equity of 21.93%. The business had revenue of C$104.04 million for the quarter. As a group, equities analysts expect that ECN Capital Corp. will post 0.2446449 EPS for the current year.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. ECN Capital’s payout ratio is presently 60.33%.

About ECN Capital

(Get Free Report)

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.

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