ECN Capital (TSE:ECN) Hits New 12-Month High – Should You Buy?

ECN Capital Corp. (TSE:ECN)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$25.84 and last traded at C$3.05, with a volume of 405265 shares traded. The stock had previously closed at C$3.05.

Analysts Set New Price Targets

ECN has been the subject of a number of research analyst reports. Raymond James Financial downgraded ECN Capital from a “moderate buy” rating to a “hold” rating and set a C$3.25 price target for the company. in a report on Friday, August 8th. Royal Bank Of Canada set a C$3.25 target price on shares of ECN Capital and gave the stock a “hold” rating in a report on Wednesday, October 1st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$3.33.

ECN Capital Price Performance

The firm has a market cap of C$859.29 million, a price-to-earnings ratio of 64.68, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The stock has a 50-day moving average of C$2.90 and a 200-day moving average of C$2.88. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13.

ECN Capital (TSE:ECN) last issued its earnings results on Thursday, November 13th. The company reported C$0.06 earnings per share for the quarter. ECN Capital had a negative return on equity of 21.93% and a negative net margin of 24.40%.The firm had revenue of C$104.04 million for the quarter. As a group, sell-side analysts forecast that ECN Capital Corp. will post 0.2446449 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date is Friday, December 12th. This represents a $0.04 annualized dividend and a dividend yield of 1.3%. ECN Capital’s payout ratio is currently 60.33%.

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.