ECN Capital (TSE:ECN) Reaches New 1-Year High – Should You Buy?

ECN Capital Corp. (TSE:ECN) shares reached a new 52-week high during trading on Friday . The company traded as high as C$25.75 and last traded at C$3.07, with a volume of 279686 shares changing hands. The stock had previously closed at C$3.07.

Wall Street Analyst Weigh In

ECN has been the subject of a number of recent research reports. Raymond James Financial cut ECN Capital from a “moderate buy” rating to a “hold” rating and set a C$3.25 price objective for the company. in a research report on Friday, August 8th. Royal Bank Of Canada set a C$3.25 price target on shares of ECN Capital and gave the stock a “hold” rating in a report on Wednesday, October 1st. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$3.33.

ECN Capital Stock Performance

The company has a market cap of C$862.10 million, a price-to-earnings ratio of 64.89, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13. The stock’s 50 day moving average price is C$2.90 and its 200 day moving average price is C$2.88.

ECN Capital (TSE:ECN) last released its earnings results on Thursday, November 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. ECN Capital had a negative net margin of 24.40% and a negative return on equity of 21.93%. The firm had revenue of C$104.04 million during the quarter. On average, analysts expect that ECN Capital Corp. will post 0.2446449 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. ECN Capital’s dividend payout ratio is presently 60.33%.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.