ECN Capital (TSE:ECN) Downgraded to Hold Rating by National Bank Financial

National Bank Financial cut shares of ECN Capital (TSE:ECN) from a strong-buy rating to a hold rating in a research note released on Sunday,Zacks.com reports.

ECN has been the subject of a number of other reports. Cormark increased their price target on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research note on Tuesday, November 12th. CIBC increased their price objective on shares of ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$2.68.

ECN Capital Price Performance

ECN opened at C$3.13 on Friday. The company has a market capitalization of C$879.91 million, a price-to-earnings ratio of -9.48, a PEG ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 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$3.43. The business’s fifty day simple moving average is C$3.07 and its 200-day simple moving average is C$2.49.

ECN Capital (TSE:ECN) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. On average, equities research analysts anticipate that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. 18.31% of the stock is owned by corporate insiders.

ECN Capital Company Profile

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.