ECN Capital (TSE:ECN) Share Price Passes Below 50-Day Moving Average - Should You Sell?

ECN Capital Corp. (TSE:ECN - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.92 and traded as low as C$2.60. ECN Capital shares last traded at C$2.65, with a volume of 193,734 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ECN. CIBC increased their target price on shares of ECN Capital from C$2.50 to C$3.50 and gave the company a "neutral" rating in a research report on Thursday, January 30th. National Bank Financial cut ECN Capital from a "strong-buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, ECN Capital has a consensus rating of "Hold" and an average price target of C$2.77.

ECN Capital Price Performance

The company has a market capitalization of C$529.80 million, a PE ratio of -11.80, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a quick ratio of 3.81, a current ratio of 13.28 and a debt-to-equity ratio of 304.13. The firm's 50-day moving average is C$2.88 and its 200-day moving average is C$2.83.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, March 20th. ECN Capital's payout ratio is currently -17.87%.

Insider Activity

In other ECN Capital news, Director Steven Kenneth Hudson bought 200,000 shares of ECN Capital stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of C$2.63 per share, with a total value of C$525,080.00. Corporate insiders own 18.31% of the company's stock.

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.