Exco Technologies (TSE:XTC) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Exco Technologies Limited's stock price recently surpassed its 200-day moving average of C$6.42, reaching a high of C$6.86 during trading.
• The company has announced a quarterly dividend of $0.105, with an annualized yield of 6.1% and a payout ratio of 67.74%.
• Exco Technologies has a market capitalization of C$261.49 million and a price-to-earnings ratio of 11.03.

Shares of Exco Technologies Limited (TSE:XTC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.42 and traded as high as C$6.86. Exco Technologies shares last traded at C$6.84, with a volume of 20,861 shares changing hands.

Exco Technologies Price Performance

The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83. The company has a market cap of C$262.26 million, a PE ratio of 11.06 and a beta of 0.86. The company's 50-day simple moving average is C$6.73 and its 200 day simple moving average is C$6.43.

Exco Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, September 15th. Exco Technologies's payout ratio is 67.74%.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.