ECN Capital (TSE:ECN) Shares Cross Below 50-Day Moving Average – Here’s What Happened

ECN Capital Corp. (TSE:ECN) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.06 and traded as low as C$3.05. ECN Capital shares last traded at C$3.06, with a volume of 720,072 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered 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 research note on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$3.18.

ECN Capital Stock Performance

The company has a market cap of C$862.10 million, a price-to-earnings ratio of 61.20, a P/E/G ratio of 0.24 and a beta of 1.67. The company has a current ratio of 8.03, a quick ratio of 3.81 and a debt-to-equity ratio of 284.21. The stock’s fifty day simple moving average is C$3.06 and its 200 day simple moving average is C$3.00.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.01 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. ECN Capital’s dividend payout ratio is 57.56%.

About ECN Capital

With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its ” Partners “). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.