ECN Capital (TSE:ECN) Reaches New 1-Year High on Insider Buying Activity

Shares of ECN Capital Corp. (TSE:ECN) hit a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as C$23.45 and last traded at C$2.54, with a volume of 175002 shares. The stock had previously closed at C$2.61.

Specifically, Director Steven Kenneth Hudson purchased 200,000 shares of ECN Capital stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of C$2.56 per share, for a total transaction of C$511,300.00.

ECN Capital Trading Down 3.4%

The business’s fifty day moving average is C$2.74 and its 200-day moving average is C$2.94. The company has a debt-to-equity ratio of 304.13, a quick ratio of 3.81 and a current ratio of 13.28. The firm has a market cap of C$505.72 million, a P/E ratio of -11.26, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, June 13th. ECN Capital’s payout ratio is currently -17.87%.

ECN Capital Company Profile

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.