Exco Technologies (TSE:XTC) Hits New 1-Year High – Here’s What Happened

Exco Technologies Limited (TSE:XTC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$7.68 and last traded at C$7.59, with a volume of 36925 shares traded. The stock had previously closed at C$7.39.

Exco Technologies Trading Up 4.1%

The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17. The firm has a market cap of C$291.64 million, a P/E ratio of 11.83 and a beta of 0.81. The firm’s 50-day simple moving average is C$6.86 and its 200 day simple moving average is C$6.74.

Exco Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.105 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.42 annualized dividend and a yield of 5.5%. Exco Technologies’s dividend payout ratio is presently 64.62%.

Insiders Place Their Bets

In other news, insider Darren Michael Kirk bought 32,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of C$6.70 per share, with a total value of C$214,400.00. Following the completion of the transaction, the insider directly owned 70,354 shares of the company’s stock, valued at C$471,371.80. This represents a 83.43% increase in their position. Company insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers.