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

Exco Technologies logo with Consumer Cyclical background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Exco Technologies Limited (TSE:XTC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on Exco Technologies

Exco Technologies Stock Performance

The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17. The company's 50-day simple moving average is C$6.76 and its 200-day simple moving average is C$6.40. The stock has a market capitalization of C$253.31 million, a price-to-earnings ratio of 8.98 and a beta of 1.15.

Exco Technologies Announces Dividend

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

Exco Technologies Company Profile

(Get Free Report)

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.

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