Exco Technologies (TSE:XTC) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Exco Technologies' stock price has surpassed its 200-day moving average of C$6.41, trading as high as C$6.82 during the day.
• The company announced a quarterly dividend of $0.105 per share, reflecting a yield of 6.3% and a payout ratio of 57.69%.
• Cormark has upgraded Exco Technologies from a "hold" rating to a "moderate buy" rating, indicating increased investor confidence.

Exco Technologies Limited (TSE:XTC - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.41 and traded as high as C$6.82. Exco Technologies shares last traded at C$6.62, with a volume of 34,145 shares changing hands.

Analyst Ratings Changes

Separately, Cormark upgraded shares of Exco Technologies from a "hold" rating to a "moderate buy" rating in a research report on Friday, May 2nd.

Exco Technologies Price Performance

The firm's 50-day moving average is C$6.76 and its 200-day moving average is C$6.40. The company has a market capitalization of C$254.86 million, a PE ratio of 9.04 and a beta of 1.15. The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17.

Exco Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 6.4%. Exco Technologies's dividend payout ratio (DPR) is presently 57.69%.

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.