ECN Capital Corp. (TSE:ECN) Given Average Rating of “Hold” by Brokerages

Shares of ECN Capital Corp. (TSE:ECN) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$2.52.

ECN has been the subject of a number of research reports. National Bankshares increased their target price on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. CIBC increased their target price on ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. BMO Capital Markets increased their target price on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, Cormark increased their target price on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday, November 12th.

ECN Capital Price Performance

ECN opened at C$2.82 on Thursday. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The company has a fifty day simple moving average of C$2.36 and a 200 day simple moving average of C$2.06. The stock has a market cap of C$792.76 million, a P/E ratio of -8.55, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.42%. ECN Capital’s dividend payout ratio (DPR) is currently -12.12%.

Insider Activity at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$2.92, for a total transaction of C$292,300.00. 18.31% of the stock is currently owned by company insiders.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.