Exco Technologies (TSE:XTC) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Exco Technologies stock price has surpassed its 200-day moving average, trading at C$6.94 with a peak of C$6.97 during the session.
• Analyst Cormark upgraded Exco Technologies from a "hold" rating to a "moderate buy" rating, signaling positive sentiment for the stock.
• The company announced a quarterly dividend of $0.105 per share, with a yield of 6.1% and a dividend payout ratio of 57.69%.

Exco Technologies Limited (TSE:XTC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.40 and traded as high as C$6.97. Exco Technologies shares last traded at C$6.94, with a volume of 24,857 shares changing hands.

Analyst Ratings Changes

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

Exco Technologies Stock Up 2.8%

The firm has a fifty day simple moving average of C$6.75 and a 200-day simple moving average of C$6.40. The firm has a market cap of C$268.80 million, a price-to-earnings ratio of 9.53 and a beta of 1.15. The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83.

Exco Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 6.1%. Exco Technologies's dividend payout ratio is 57.69%.

Exco Technologies Company Profile

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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