ECN Capital (TSE:ECN) Lowered to "Hold" Rating by Raymond James Financial

Key Points

• ECN Capital was downgraded from "outperform" to "market perform" by Raymond James Financial, with a target price of C$3.25 indicating a potential upside of 13.24% from its current price.
• As of the latest trading session, shares of ECN Capital fell to C$2.87, with a market capitalization of C$575.96 million and a high debt-to-equity ratio of 304.13.
• Corporate insiders, including Director Steven Kenneth Hudson, are actively investing in the company, having purchased 200,000 shares recently at C$2.56 each.

ECN Capital (TSE:ECN - Get Free Report) was downgraded by Raymond James Financial from a "moderate buy" rating to a "hold" rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a C$3.25 target price on the stock. Raymond James Financial's price target would suggest a potential upside of 17.33% from the stock's previous close. Raymond James Financial also issued estimates for ECN Capital's Q4 2025 earnings at $0.05 EPS.

ECN Capital Trading Down 1.1%

TSE:ECN traded down C$0.03 on Friday, hitting C$2.77. 8,874 shares of the stock were exchanged, compared to its average volume of 161,794. The stock has a market capitalization of C$555.89 million, a price-to-earnings ratio of -12.38, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital has a 52 week low of C$1.96 and a 52 week high of C$3.52. 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 company's 50-day moving average price is C$2.86 and its 200 day moving average price is C$2.89.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson acquired 200,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was purchased at an average cost of C$2.56 per share, with a total value of C$511,300.00. Corporate insiders own 18.31% of the company's stock.

About ECN Capital

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.