Exco Technologies (TSE:XTC) Reaches New 12-Month High – Still a Buy?

Shares of Exco Technologies Limited (TSE:XTC) hit a new 52-week high during trading on Tuesday . The company traded as high as C$7.77 and last traded at C$7.77, with a volume of 8144 shares trading hands. The stock had previously closed at C$7.68.

Exco Technologies Price Performance

The stock has a market capitalization of C$296.57 million, a P/E ratio of 12.03 and a beta of 0.81. The business’s 50 day simple moving average is C$7.02 and its two-hundred day simple moving average is C$6.80. The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17.

Exco Technologies (TSE:XTC) last posted its earnings results on Wednesday, January 28th. The company reported C$0.13 earnings per share for the quarter. Exco Technologies had a return on equity of 7.37% and a net margin of 4.52%.The company had revenue of C$149.52 million for the quarter. As a group, sell-side analysts forecast that Exco Technologies Limited will post 1.1393324 earnings per share for the current fiscal year.

Exco Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, December 17th. Exco Technologies’s dividend payout ratio (DPR) is 64.62%.

Insiders Place Their Bets

In other Exco Technologies news, insider Darren Michael Kirk bought 32,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of C$6.70 per share, for a total transaction of C$214,400.00. Following the purchase, the insider directly owned 70,354 shares of the company’s stock, valued at approximately C$471,371.80. This trade represents a 83.43% increase in their position. Corporate insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers.