Acumen Capital Analysts Give Exco Technologies (TSE:XTC) a C$11.00 Price Target

Acumen Capital set a C$11.00 target price on Exco Technologies (TSE:XTC) in a research note released on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

Exco Technologies Stock Up 1.4 %

XTC stock opened at C$7.95 on Thursday. The company has a debt-to-equity ratio of 30.90, a current ratio of 2.77 and a quick ratio of 1.30. The firm has a market cap of C$308.14 million, a PE ratio of 10.60 and a beta of 1.19. Exco Technologies has a 12 month low of C$7.00 and a 12 month high of C$8.98. The firm has a 50 day simple moving average of C$7.69 and a 200 day simple moving average of C$7.56.

Exco Technologies (TSE:XTC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$0.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.04. Exco Technologies had a return on equity of 7.82% and a net margin of 4.52%. The firm had revenue of C$163.83 million for the quarter, compared to analysts’ expectations of C$165.30 million. Equities research analysts forecast that Exco Technologies will post 0.7806122 earnings per share for the current fiscal year.

Exco Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Friday, June 14th. Exco Technologies’s dividend payout ratio (DPR) is presently 56.00%.

Insider Buying and Selling at Exco Technologies

In related news, Senior Officer Paul Riganelli sold 5,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$7.80, for a total value of C$39,000.00. Insiders have sold 15,000 shares of company stock worth $118,300 over the last 90 days. 51.72% of the stock is currently owned by corporate insiders.

Exco Technologies Company Profile

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.