Exco Technologies (TSE:XTC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Exco Technologies Limited (TSE:XTC)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.77 and traded as high as C$7.70. Exco Technologies shares last traded at C$7.68, with a volume of 32,892 shares trading hands.

Exco Technologies Stock Performance

The stock has a market cap of C$291.26 million, a PE ratio of 11.82 and a beta of 0.81. The stock has a fifty day moving average of C$6.96 and a 200-day moving average of C$6.77. The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17.

Exco Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.42 annualized dividend and a dividend yield of 5.5%. Exco Technologies’s dividend payout ratio (DPR) is currently 64.62%.

Insiders Place Their Bets

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

About Exco Technologies

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.