ECN Capital Corp. (TSE:ECN – Get Free Report)’s share price hit a new 52-week low during trading on Monday after CIBC lowered their price target on the stock from C$3.00 to C$1.90. CIBC currently has a neutral rating on the stock. ECN Capital traded as low as C$1.60 and last traded at C$1.79, with a volume of 906780 shares trading hands. The stock had previously closed at C$1.80.
Several other analysts have also recently commented on ECN. Royal Bank of Canada dropped their target price on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research report on Friday. National Bankshares decreased their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday. Finally, TD Securities decreased their price target on shares of ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$2.54.
Insider Buying and Selling at ECN Capital
In other ECN Capital news, Director William Wayne Lovatt acquired 200,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of C$1.71 per share, with a total value of C$342,000.00. Corporate insiders own 17.99% of the company’s stock.
ECN Capital Stock Performance
The firm has a market capitalization of C$503.91 million, a price-to-earnings ratio of -3.03, a PEG ratio of 0.24 and a beta of 1.29. The company has a fifty day moving average of C$2.65 and a two-hundred day moving average of C$2.50. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.