Exco Technologies (TSE:XTC) Sets New 12-Month High – Here’s What Happened

Exco Technologies Limited (TSE:XTC) shares reached a new 52-week high on Tuesday . The company traded as high as C$7.77 and last traded at C$7.77, with a volume of 8144 shares changing hands. The stock had previously closed at C$7.68.

Exco Technologies Stock Up 0.8%

The stock’s fifty day moving average is C$6.96 and its two-hundred day moving average is C$6.77. The company has a market capitalization of C$293.54 million, a PE ratio of 11.91 and a beta of 0.81. The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17.

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 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 yield of 5.4%. Exco Technologies’s payout ratio is currently 64.62%.

Insiders Place Their Bets

In related news, insider Darren Michael Kirk bought 32,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of C$6.70 per share, for a total transaction of C$214,400.00. Following the completion of the transaction, the insider owned 70,354 shares of the company’s stock, valued at approximately C$471,371.80. The trade was a 83.43% increase in their ownership of the stock. 51.81% of the stock is owned by corporate insiders.

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.