Exco Technologies (TSE:XTC) Reaches New 52-Week High – Should You Buy?

Exco Technologies Limited (TSE:XTC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$7.25 and last traded at C$7.18, with a volume of 45549 shares changing hands. The stock had previously closed at C$7.10.

Exco Technologies Trading Up 1.5%

The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17. The stock has a market capitalization of C$273.44 million, a price-to-earnings ratio of 11.09 and a beta of 0.72. The business has a 50 day simple moving average of C$6.81 and a 200-day simple moving average of C$6.72.

Exco Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Wednesday, December 17th. Exco Technologies’s dividend payout ratio (DPR) is 64.62%.

Insider Buying and Selling

In other news, insider Darren Michael Kirk purchased 4,300 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was bought at an average cost of C$6.71 per share, for a total transaction of C$28,853.00. Following the completion of the purchase, the insider directly owned 9,300 shares of the company’s stock, valued at C$62,403. The trade was a 86.00% increase in their position. 51.81% of the stock is owned by corporate insiders.

About Exco Technologies

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers.