ECN Capital (TSE:ECN) Trading Up 1% - What's Next?

Key Points

• ECN Capital shares rose about 1% to C$3.09 on Friday on heavy trading (~908,778 shares, +137% vs. average), while RBC trimmed its price target to C$3.10 and the stock carries a consensus "Hold" with an average target of C$3.18.
• The company reported modest profitability (quarterly EPS C$0.07, net margin 6.98%, ROE 10.01%) but is highly leveraged (debt-to-equity 284.21) and offers a small dividend (annualized C$0.04, yield 1.3%).

ECN Capital Corp. (TSE:ECN - Get Free Report)'s share price was up 1% during trading on Friday . The company traded as high as C$3.11 and last traded at C$3.09. Approximately 908,778 shares were traded during mid-day trading, an increase of 137% from the average daily volume of 383,576 shares. The stock had previously closed at C$3.06.

Analyst Ratings Changes

Separately, Royal Bank Of Canada decreased their price target on ECN Capital from C$3.25 to C$3.10 and set a "sector perform" rating on the stock in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ECN Capital currently has a consensus rating of "Hold" and an average price target of C$3.18.

ECN Capital Trading Up 1.0%

The firm has a market cap of C$870.55 million, a price-to-earnings ratio of 61.80, a price-to-earnings-growth ratio of 0.24 and a beta of 1.42. The business has a 50 day moving average of C$3.07 and a 200 day moving average of C$3.01. The company has a quick ratio of 3.81, a current ratio of 8.03 and a debt-to-equity ratio of 284.21.

ECN Capital (TSE:ECN - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported C$0.07 earnings per share for the quarter. ECN Capital had a net margin of 6.98% and a return on equity of 10.01%. The firm had revenue of C$109.03 million during the quarter. On average, research analysts forecast that ECN Capital Corp. will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.3%. ECN Capital's dividend payout ratio is presently 57.56%.

About ECN Capital

With managed assets of US$7.6 billion, ECN Capital Corp. TSX: ECN is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its " Partners "). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.

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