ECN Capital Corp. (TSE:ECN – Get Rating) Senior Officer James Barry bought 10,000 shares of the company's stock in a transaction dated Friday, September 23rd. The stock was bought at an average cost of C$4.77 per share, with a total value of C$47,700.00. Following the transaction, the insider now directly owns 104,793 shares in the company, valued at approximately C$499,862.61.
ECN Capital Stock Performance
ECN Capital stock traded down C$0.03 during midday trading on Monday, reaching C$4.74. 212,884 shares of the stock traded hands, compared to its average volume of 564,317. The company has a current ratio of 3.73, a quick ratio of 3.62 and a debt-to-equity ratio of 365.53. The firm has a fifty day moving average price of C$5.84 and a two-hundred day moving average price of C$5.99. The firm has a market cap of C$1.17 billion and a price-to-earnings ratio of 43.09. ECN Capital Corp. has a fifty-two week low of C$4.60 and a fifty-two week high of C$12.24.
Get ECN Capital alerts:ECN Capital (TSE:ECN – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.09 by C$0.02. The firm had revenue of C$104.10 million for the quarter, compared to analyst estimates of C$99.06 million. On average, equities research analysts forecast that ECN Capital Corp. will post 0.45 earnings per share for the current year.
ECN Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, September 14th. ECN Capital's payout ratio is 35.72%.Analyst Ratings Changes
ECN has been the subject of several research analyst reports. Raymond James dropped their target price on shares of ECN Capital from C$8.00 to C$7.50 and set an "outperform" rating for the company in a research report on Thursday, August 25th. TD Securities boosted their price objective on shares of ECN Capital from C$8.00 to C$8.50 and gave the company a "buy" rating in a research report on Tuesday, August 9th. National Bankshares boosted their price objective on shares of ECN Capital from C$8.00 to C$8.50 and gave the company an "outperform" rating in a research report on Friday, August 12th. CIBC boosted their price objective on shares of ECN Capital from C$7.50 to C$8.75 and gave the company an "outperform" rating in a research report on Friday, August 12th. Finally, Cormark lowered their price objective on shares of ECN Capital from C$8.25 to C$7.50 in a research report on Friday, August 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$8.48.
About ECN Capital
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ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.
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