ECN Capital (TSE:ECN) Shares Up 8% on Analyst Upgrade

ECN Capital Corp. (TSE:ECN - Get Free Report)'s stock price rose 8% on Friday after CIBC raised their price target on the stock from C$1.90 to C$2.00. The stock traded as high as C$1.97 and last traded at C$1.90. Approximately 309,325 shares traded hands during trading, a decline of 18% from the average daily volume of 375,338 shares. The stock had previously closed at C$1.76.

ECN has been the subject of a number of other research reports. BMO Capital Markets cut their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a report on Tuesday, March 26th. TD Securities reduced their price target on ECN Capital from C$2.75 to C$2.00 and set a "hold" rating for the company in a report on Friday, May 3rd. National Bankshares decreased their price target on shares of 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. Finally, 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$2.36.

Insider Buying and Selling at ECN Capital

In other news, Director Steven Kenneth Hudson bought 200,000 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of C$1.89 per share, with a total value of C$377,400.00. Insiders have purchased 400,100 shares of company stock valued at $721,019 over the last 90 days. 18.43% of the stock is owned by insiders.

ECN Capital Price Performance

The stock's 50 day moving average is C$2.02 and its two-hundred day moving average is C$2.39. The stock has a market capitalization of C$559.90 million, a PE ratio of -3.28, a price-to-earnings-growth ratio of 0.24 and a beta of 1.22. The company has a debt-to-equity ratio of 447.65, a current ratio of 11.69 and a quick ratio of 3.81.

ECN Capital (TSE:ECN - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter, missing analysts' consensus estimates of C($0.01) by C($0.06). The firm had revenue of C$34.84 million during the quarter, compared to analyst estimates of C$56.43 million. ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. As a group, sell-side analysts forecast that ECN Capital Corp. will post 0.1720841 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders 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 2.00%. ECN Capital's dividend payout ratio is currently -6.56%.

ECN Capital Company Profile

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.