Exco Technologies (TSE:XTC) Sets New 1-Year Low – Should You Sell?

Exco Technologies Limited (TSE:XTC) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$6.61 and last traded at C$6.61, with a volume of 21951 shares trading hands. The stock had previously closed at C$6.70.

Analysts Set New Price Targets

Separately, Cormark lowered Exco Technologies from a “moderate buy” rating to a “hold” rating in a report on Monday, February 3rd.

Exco Technologies Price Performance

The business’s 50 day moving average is C$7.39 and its two-hundred day moving average is C$7.89. The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83. The firm has a market capitalization of C$256.02 million, a PE ratio of 9.08 and a beta of 1.15.

Exco Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, 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 6.35%. The ex-dividend date of this dividend was Tuesday, December 17th. Exco Technologies’s payout ratio is presently 57.69%.

Insider Activity at Exco Technologies

In other news, Senior Officer William Peter Schroers sold 12,000 shares of Exco Technologies stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total transaction of C$90,120.00. 51.81% of the stock is owned by corporate insiders.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.