ECN Capital (TSE:ECN) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

ECN Capital Corp. (TSE:ECN)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.06 and traded as low as C$3.05. ECN Capital shares last traded at C$3.06, with a volume of 720,072 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered their price target on ECN Capital from C$3.25 to C$3.10 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$3.18.

ECN Capital Stock Performance

The firm’s 50 day moving average price is C$3.06 and its 200-day moving average price is C$3.00. The firm has a market cap of C$864.92 million, a price-to-earnings ratio of 61.40, a P/E/G ratio of 0.24 and a beta of 1.67. The company has a debt-to-equity ratio of 284.21, a current ratio of 8.03 and a quick ratio of 3.81.

ECN Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 20th. ECN Capital’s dividend payout ratio (DPR) is currently 57.56%.

ECN Capital Company Profile

With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its ” Partners “). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.