ECN Capital (TSE:ECN) Stock Price Down 2.7% - Should You Sell?

Key Points

• ECN Capital's stock price fell by 2.7% to C$2.84, with trading volume dropping to 38,370 shares, a significant decrease from its average session volume.
• Raymond James Financial downgraded ECN Capital from a "moderate buy" to a "hold" rating, setting a price target of C$3.25, while the consensus rating remains a "Hold" with an average price target of C$3.42.
• ECN Capital announced a quarterly dividend of $0.01 per share, translating to a yield of 1.4%, despite a high dividend payout ratio of 105.56%.

ECN Capital Corp. (TSE:ECN - Get Free Report)'s share price traded down 2.7% on Tuesday . The stock traded as low as C$2.83 and last traded at C$2.84. 38,370 shares were traded during mid-day trading, a decline of 75% from the average session volume of 155,379 shares. The stock had previously closed at C$2.92.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial cut ECN Capital from a "moderate buy" rating to a "hold" rating and set a C$3.25 price objective on the stock. in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ECN Capital presently has a consensus rating of "Hold" and an average price target of C$3.42.

ECN Capital Stock Down 2.7%

The firm has a market cap of C$799.40 million, a PE ratio of 104.59, a PEG ratio of 0.24 and a beta of 1.47. 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 simple moving average is C$2.92 and its two-hundred day simple moving average is C$2.84.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. ECN Capital's dividend payout ratio is currently 105.56%.

Insider Activity

In other ECN Capital news, Director Steven Kenneth Hudson purchased 200,000 shares of ECN Capital stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average price of C$2.56 per share, for a total transaction of C$511,300.00. 18.31% of the stock is owned by insiders.

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.

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