ECN Capital (TSE:ECN) Stock Passes Below Fifty Day Moving Average – Time to Sell?

ECN Capital Corp. (TSE:ECN)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.05 and traded as low as C$3.05. ECN Capital shares last traded at C$3.05, with a volume of 119,613 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their target price on shares of ECN Capital from C$3.25 to C$3.10 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ECN Capital presently has a consensus rating of “Hold” and a consensus price target of C$3.18.

ECN Capital Trading Up 0.3%

The business has a 50 day moving average price of C$3.05 and a 200-day moving average price of C$2.97. The firm has a market capitalization of C$862.10 million, a PE ratio of 64.89, a P/E/G ratio of 0.24 and a beta of 1.77.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, December 12th. ECN Capital’s payout ratio is presently 60.33%.

ECN Capital Company Profile

With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its ” Partners “). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities.