ECN Capital (TSE:ECN) Sets New 52-Week High – Time to Buy?

ECN Capital Corp. (TSE:ECN) hit a new 52-week high on Wednesday . The company traded as high as C$26.11 and last traded at C$3.05, with a volume of 254273 shares changing hands. The stock had previously closed at C$3.04.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut their target price on shares of ECN Capital from C$3.25 to C$3.10 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ECN Capital presently has an average rating of “Hold” and a consensus price target of C$3.28.

ECN Capital Stock Up 0.3%

The business has a 50-day moving average of C$3.05 and a 200 day moving average of C$2.96. The company has a market capitalization of C$859.29 million, a PE ratio of 64.68, a P/E/G ratio of 0.24 and a beta of 1.72. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81.

ECN Capital (TSE:ECN) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.06 earnings per share (EPS) for the quarter. ECN Capital had a negative return on equity of 21.93% and a negative net margin of 24.40%.The business had revenue of C$104.04 million during the quarter. Equities research analysts predict that ECN Capital Corp. will post 0.2446449 earnings per share for the current year.

ECN Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. ECN Capital’s dividend payout ratio is presently 60.33%.

ECN Capital Company Profile

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. It generates maximum revenue from the Service Finance – Home Improvement Loans.