ECN Capital Corp. (TSE:ECN) Receives Average Rating of “Hold” from Analysts

Shares of ECN Capital Corp. (TSE:ECN) have received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$2.52.

Several research firms recently weighed in on ECN. Cormark increased their price target on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a report on Tuesday, November 12th. CIBC upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Finally, National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

ECN Capital Stock Performance

TSE ECN opened at C$3.12 on Monday. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.25. The business has a 50 day simple moving average of C$2.61 and a two-hundred day simple moving average of C$2.18. The stock has a market capitalization of C$877.09 million, a PE ratio of -9.45, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.28%. ECN Capital’s dividend payout ratio is presently -12.12%.

Insider Transactions at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$2.91, for a total value of C$59,012.10. Insiders own 18.31% of the company’s stock.

About ECN Capital

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.