ECN Capital (ECN) Hits New 12-Month Low at $3.28
ECN Capital Corp (TSE:ECN)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$3.28 and last traded at C$3.28, with a volume of 409649 shares traded. The stock had previously closed at C$3.38.
Several research firms have issued reports on ECN. Raymond James dropped their target price on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research report on Tuesday, September 25th. National Bank Financial reiterated an “outperform market weight” rating on shares of ECN Capital in a research report on Tuesday, August 7th. BMO Capital Markets dropped their target price on ECN Capital from C$5.60 to C$5.00 in a research report on Friday, August 10th. Finally, TD Securities boosted their target price on ECN Capital from C$5.00 to C$5.50 in a research report on Friday, August 10th. Six analysts have rated the stock with a buy rating, ECN Capital presently has an average rating of “Buy” and an average price target of C$4.93.
The company has a debt-to-equity ratio of 68.03, a current ratio of 8.84 and a quick ratio of 7.51.
In other news, insider Scott William Shaw purchased 216,200 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of C$3.55 per share, for a total transaction of C$767,510.00. Also, Director Steven Kenneth Hudson purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average price of C$3.82 per share, for a total transaction of C$57,300.00. Insiders have acquired a total of 585,677 shares of company stock worth $2,168,260 in the last quarter.
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ECN Capital Company Profile (TSE:ECN)
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.
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