Exco Technologies (TSE:XTC) Hits New 1-Year Low – Should You Sell?

Exco Technologies Limited (TSE:XTC)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$5.98 and last traded at C$5.98, with a volume of 26393 shares changing hands. The stock had previously closed at C$6.17.

Analysts Set New Price Targets

Separately, Cormark cut Exco Technologies from a “moderate buy” rating to a “hold” rating in a report on Monday, February 3rd.

Exco Technologies Stock Down 2.1 %

The firm’s 50-day moving average price is C$6.94 and its 200 day moving average price is C$7.73. 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 company has a market capitalization of C$233.95 million, a price-to-earnings ratio of 8.30 and a beta of 1.15.

Exco Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date was Tuesday, December 17th. Exco Technologies’s dividend payout ratio is currently 57.69%.

Insiders Place Their Bets

In related news, Senior Officer William Peter Schroers sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$7.51, for a total transaction of C$90,120.00. Also, insider Paul Robbins sold 25,000 shares of Exco Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of C$6.53, for a total value of C$163,302.50. Company insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.