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

Exco Technologies (TSE:XTC) has been given a C$11.00 target price by equities researchers at Acumen Capital in a report released on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s target price points to a potential upside of 41.75% from the company’s previous close.

Exco Technologies Trading Up 3.2 %

Shares of TSE XTC traded up C$0.24 during midday trading on Thursday, hitting C$7.76. The stock had a trading volume of 21,146 shares, compared to its average volume of 18,742. The company has a fifty day moving average price of C$7.66 and a 200 day moving average price of C$7.56. The company has a market capitalization of C$300.78 million, a price-to-earnings ratio of 10.33 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 2.77 and a debt-to-equity ratio of 30.90. Exco Technologies has a 1-year low of C$7.00 and a 1-year high of C$8.98.

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

Insiders Place Their Bets

In related news, Senior Officer Paul Riganelli sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$7.90, for a total transaction of C$39,500.00. Insiders have sold 15,000 shares of company stock worth $118,300 in the last three months. 51.72% of the stock is owned by 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.