ECN Capital (TSE:ECN) Hits New 12-Month High – Should You Buy?

ECN Capital Corp. (TSE:ECN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$20.75 and last traded at C$2.88, with a volume of 77570 shares traded. The stock had previously closed at C$2.95.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Cormark upped their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a report on Tuesday. CIBC increased their target price on ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Finally, National Bankshares boosted their price target on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, ECN Capital currently has an average rating of “Hold” and a consensus target price of C$2.66.

ECN Capital Trading Down 1.7 %

The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The business’s fifty day moving average is C$2.21 and its 200-day moving average is C$1.99. The stock has a market capitalization of C$815.25 million, a PE ratio of -8.94, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.38%. ECN Capital’s payout ratio is -12.12%.

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.