ECN Capital (TSE:ECN) Hits New 52-Week High After Insider Buying Activity

ECN Capital Corp. (TSE:ECN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday following insider buying activity. The company traded as high as C$23.45 and last traded at C$2.54, with a volume of 175002 shares. The stock had previously closed at C$2.61.

Specifically, Director Steven Kenneth Hudson bought 200,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average cost of C$2.56 per share, for a total transaction of C$511,300.00.

ECN Capital Price Performance

The firm has a 50-day simple moving average of C$2.74 and a two-hundred day simple moving average of C$2.94. The company has a market capitalization of C$511.74 million, a price-to-earnings ratio of -11.39, a P/E/G ratio of 0.24 and a beta of 1.35. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.57%. ECN Capital's payout ratio is -17.87%.

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.