ECN Capital Corp. (TSE:ECN) Director Buys C$342,000.00 in Stock

ECN Capital Corp. (TSE:ECN) Director William Wayne Lovatt acquired 200,000 shares of ECN Capital stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$1.71 per share, with a total value of C$342,000.00.

ECN Capital Stock Up 4.4 %

Shares of TSE:ECN opened at C$1.91 on Thursday. The firm’s 50 day moving average price is C$2.59 and its 200 day moving average price is C$2.49. The stock has a market cap of C$534.70 million, a price-to-earnings ratio of -3.24, a price-to-earnings-growth ratio of 0.24 and a beta of 1.29. ECN Capital Corp. has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.38. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Tuesday, April 9th will be issued a $0.01 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 2.09%. ECN Capital’s dividend payout ratio (DPR) is -6.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ECN shares. TD Securities reduced their target price on shares of ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research report on Friday, March 22nd. BMO Capital Markets dropped their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a report on Tuesday. CIBC dropped their price objective on shares of ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a report on Monday. National Bankshares dropped their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday, March 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a report on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, ECN Capital has an average rating of “Hold” and an average target price of C$2.45.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.