ECN Capital Corp. (TSE:ECN) Receives Average Rating of "Hold" from Analysts

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$2.45.

A number of research analysts have issued reports on ECN shares. Royal Bank of Canada dropped their target price on shares of ECN Capital from C$3.00 to C$2.25 and set a "sector perform" rating for the company in a report on Friday, March 22nd. National Bankshares dropped their target price on shares of ECN Capital from C$2.75 to C$2.00 and set a "sector perform" rating for the company in a report on Friday, March 22nd. CIBC dropped their target price on shares of ECN Capital from C$3.00 to C$1.90 and set a "neutral" rating for the company in a report on Monday, March 25th. BMO Capital Markets dropped their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a research note on Tuesday, March 26th. Finally, TD Securities dropped their price objective on shares of ECN Capital from C$3.00 to C$2.75 and set a "hold" rating for the company in a research note on Friday, March 22nd.

ECN Capital Stock Performance

TSE:ECN traded up C$0.05 during mid-day trading on Wednesday, reaching C$1.79. The stock had a trading volume of 4,252,966 shares, compared to its average volume of 367,638. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The firm has a market capitalization of C$501.11 million, a price-to-earnings ratio of -2.95, a PEG ratio of 0.24 and a beta of 1.22. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.38. The business has a 50 day simple moving average of C$2.37 and a 200 day simple moving average of C$2.45.

ECN Capital (TSE:ECN - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) EPS for the quarter, missing analysts' consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The firm had revenue of C$34.84 million during the quarter, compared to analyst estimates of C$56.43 million. On average, analysts expect that ECN Capital will post 0.1698944 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 19th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 2.23%. ECN Capital's payout ratio is currently -6.67%.

Insiders Place Their Bets

In related news, Director Steven Kenneth Hudson purchased 200,000 shares of the firm's stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of C$1.89 per share, for a total transaction of C$377,400.00. In the last three months, insiders bought 400,100 shares of company stock valued at $721,019. Company insiders own 18.42% of the company's stock.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.