ECN Capital (TSE:ECN) Sets New 1-Year High – Here’s Why

ECN Capital Corp. (TSE:ECN) hit a new 52-week high on Wednesday . The company traded as high as C$26.00 and last traded at C$3.05, with a volume of 564116 shares changing hands. The stock had previously closed at C$3.04.

Analysts Set New Price Targets

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

ECN Capital Stock Performance

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 fifty day moving average price of C$3.04 and a 200 day moving average price of C$2.96. The stock has a market cap of C$859.29 million, a PE ratio of 64.68, a P/E/G ratio of 0.24 and a beta of 1.72.

ECN Capital (TSE:ECN) last posted 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 return on equity of 21.93% and a negative net margin of 24.40%. Analysts expect that ECN Capital Corp. will post 0.2446449 earnings per share for the current year.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend 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

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.