Exco Technologies (TSE:XTC) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

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) crossed 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 trading hands.

Exco Technologies Stock Down 0.7%

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 stock has a market capitalization of C$258.82 million, a P/E ratio of 10.92 and a beta of 0.86. The stock's 50 day simple moving average is C$6.74 and its 200 day simple moving average is C$6.40.

Exco Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 6.2%. Exco Technologies's dividend payout ratio (DPR) is 67.74%.

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.