ECN Capital (OTCMKTS:ECNCF) Shares Up 0.4% – Time to Buy?

ECN Capital Corp. (OTCMKTS:ECNCF) rose 0.4% during mid-day trading on Wednesday . The company traded as high as $2.24 and last traded at $2.24. Approximately 8,015 shares were traded during trading, an increase of 19% from the average daily volume of 6,714 shares. The stock had previously closed at $2.2320.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of ECN Capital in a report on Monday, January 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ECN Capital has an average rating of “Hold”.

ECN Capital Price Performance

The firm has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $2.14.

About ECN Capital

ECN Capital Corp. is a global equipment finance and mortgage lending company specializing in tailored funding solutions for vendors, manufacturers and independent mortgage lenders. Through its vendor finance segment, the company designs and manages leasing and financing programs for commercial equipment, partnering with original equipment manufacturers, distributors and dealership networks. These programs include operating and capital lease structures, end-of-term options and portfolio management services, supporting business-to-business transactions across North America, Australia and New Zealand.

In its mortgage finance segment, ECN Capital offers warehouse lending and other liquidity solutions to residential mortgage originators in the United States.