ECN Capital (TSE:ECN) Trading 10.7% Higher – Time to Buy?

Shares of ECN Capital Corp. (TSE:ECNGet Free Report) traded up 10.7% during mid-day trading on Thursday . The company traded as high as C$2.28 and last traded at C$2.28. 528,853 shares changed hands during trading, an increase of 58% from the average session volume of 334,650 shares. The stock had previously closed at C$2.06.

Analyst Ratings Changes

Several brokerages have commented on ECN. National Bankshares upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. BMO Capital Markets raised their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Finally, CIBC upped their target price on shares of ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, ECN Capital presently has a consensus rating of “Hold” and an average target price of C$2.48.

Get Our Latest Stock Report on ECN Capital

ECN Capital Stock Up 14.1 %

The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The business’s 50-day simple moving average is C$2.11 and its 200 day simple moving average is C$1.93. The firm has a market cap of C$660.63 million, a PE ratio of -6.67, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECNGet Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. The business had revenue of C$79.37 million for the quarter, compared to analysts’ expectations of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. As a group, equities research analysts expect that ECN Capital Corp. will post 0.2446449 earnings per share for the current year.

ECN Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, September 13th. ECN Capital’s payout ratio is -12.12%.

About ECN Capital

(Get Free Report)

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

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