ECN Capital (TSE:ECN) Price Target Raised to C$2.50 at National Bankshares

ECN Capital (TSE:ECN) had its price objective hoisted by National Bankshares from C$2.25 to C$2.50 in a research note released on Thursday, BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. TD Securities lowered their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a hold rating on the stock in a research report on Friday, May 3rd. CIBC increased their target price on shares of ECN Capital from C$1.90 to C$2.00 in a research report on Friday, May 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of C$2.48.

ECN Capital Stock Performance

ECN stock traded down C$0.05 during trading hours on Thursday, hitting C$2.11. 577,714 shares of the stock were exchanged, compared to its average volume of 374,749. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.10. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. The firm has a market capitalization of C$593.16 million, a P/E ratio of -3.50, a P/E/G ratio of 0.24 and a beta of 1.25. The company has a 50-day simple moving average of C$1.84 and a two-hundred day simple moving average of C$2.09.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, September 13th. ECN Capital’s dividend payout ratio is currently -6.67%.

Insider Activity

In other news, Director Karen Lynne Martin purchased 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of C$1.88 per share, for a total transaction of C$46,887.50. Corporate insiders own 18.43% of the company’s stock.

ECN Capital Company Profile

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.