ECN Capital (TSE:ECN) Trading 6.7% Higher

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) were up 6.7% on Thursday . The stock traded as high as C$1.77 and last traded at C$1.76. Approximately 187,096 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 376,297 shares. The stock had previously closed at C$1.65.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ECN. BMO Capital Markets decreased their price objective on ECN Capital from C$2.60 to C$2.00 in a report on Tuesday, March 26th. TD Securities cut their target price on ECN Capital from C$3.00 to C$2.75 and set a "hold" rating on the stock in a research note on Friday, March 22nd. CIBC cut their target price on ECN Capital from C$3.00 to C$1.90 and set a "neutral" rating on the stock in a research note on Monday, March 25th. Royal Bank of Canada cut their target price on ECN Capital from C$3.00 to C$2.25 and set a "sector perform" rating on the stock in a research note on Friday, March 22nd. Finally, National Bankshares cut their target price on ECN Capital from C$2.75 to C$2.00 and set a "sector perform" rating on the stock in a research note on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, ECN Capital has a consensus rating of "Hold" and an average target price of C$2.45.

ECN Capital Trading Up 7.9 %

The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The firm has a 50 day moving average of C$2.23 and a 200 day moving average of C$2.42. The firm has a market cap of C$498.31 million, a PE ratio of -2.97, a P/E/G ratio of 0.24 and a beta of 1.22.

ECN Capital (TSE:ECN - Get Free Report) last posted its earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.06). The company had revenue of C$34.84 million for the quarter, compared to analysts' expectations of C$56.43 million. ECN Capital had a negative return on equity of 52.97% and a negative net margin of 134.34%. Equities analysts anticipate that ECN Capital Corp. will post 0.1698944 earnings per share for the current year.

ECN Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 19th were given a dividend of $0.01 per share. The ex-dividend date was Monday, April 8th. This represents a $0.04 annualized dividend and a dividend yield of 2.25%. ECN Capital's dividend payout ratio is currently -6.67%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson purchased 200,000 shares of the firm's stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average price of C$1.89 per share, with a total value of C$377,400.00. Insiders have purchased a total of 400,100 shares of company stock worth $721,019 over the last 90 days. Corporate 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.