ECN Capital (TSE:ECN) Reaches New 12-Month High – Time to Buy?

ECN Capital Corp. (TSE:ECN) shares hit a new 52-week high on Wednesday . The stock traded as high as C$3.42 and last traded at C$3.39, with a volume of 149768 shares trading hands. The stock had previously closed at C$3.10.

Wall Street Analysts Forecast Growth

ECN has been the topic of several research analyst reports. National Bank Financial lowered shares of ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday. 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. Finally, Cormark increased their price objective on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$2.68.

ECN Capital Trading Up 8.4 %

The firm has a market capitalization of C$944.56 million, a P/E ratio of -10.18, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The business’s 50-day moving average is C$3.08 and its 200 day moving average is C$2.50. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81.

ECN Capital (TSE:ECN) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 EPS for the quarter, topping 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%. As a group, analysts anticipate that ECN Capital Corp. will post 0.2446449 EPS for the current fiscal year.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.19%. ECN Capital’s payout ratio is -12.12%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total value of C$59,012.10. Corporate insiders own 18.31% of the company’s stock.

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.