Insider Buying: ECN Capital Corp. (TSE:ECN) Director Acquires 63,200 Shares of Stock

ECN Capital Corp. (TSE:ECN) Director Steven Kenneth Hudson purchased 63,200 shares of ECN Capital stock in a transaction on Tuesday, January 11th. The stock was bought at an average price of C$5.77 per share, with a total value of C$364,853.60. Following the transaction, the director now owns 1,433,400 shares of the company’s stock, valued at C$8,275,018.20.

Shares of ECN stock opened at C$5.66 on Friday. The company’s fifty day simple moving average is C$9.32 and its two-hundred day simple moving average is C$9.97. ECN Capital Corp. has a 52 week low of C$4.60 and a 52 week high of C$12.24. The stock has a market cap of C$1.38 billion and a P/E ratio of 89.84. The company has a quick ratio of 2.10, a current ratio of 5.02 and a debt-to-equity ratio of 64.76.

ECN Capital (TSE:ECN) last issued its earnings results on Wednesday, November 10th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.17 by C($0.08). The firm had revenue of C$69.98 million during the quarter, compared to analysts’ expectations of C$123.48 million. On average, analysts anticipate that ECN Capital Corp. will post 0.34 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Raymond James boosted their price objective on ECN Capital from C$4.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, January 6th. TD Securities set a C$6.00 price target on shares of ECN Capital and gave the stock a “buy” rating in a research report on Wednesday, November 3rd. National Bankshares decreased their price objective on shares of ECN Capital from C$12.50 to C$6.50 and set an “outperform” rating on the stock in a research report on Tuesday, November 9th. CIBC lowered their target price on shares of ECN Capital from C$11.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 7th. Finally, Royal Bank of Canada lowered ECN Capital from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$12.50 to C$5.50 in a research note on Thursday, January 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$9.36.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance-Home Improvement Loans; KG Â- Co-Branded Credit Cards and Related Financial Products; and Triad Financial Services – Manufactured Home Loans segments.

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