ECN Capital (TSE:ECN) Rating Lowered to “Hold” at National Bank Financial

ECN Capital (TSE:ECN) was downgraded by equities researchers at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

ECN has been the subject of several other research reports. Cormark raised their target price on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research note on Tuesday, November 12th. CIBC upped their price target on shares of ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, ECN Capital presently has an average rating of “Hold” and an average price target of C$2.68.

ECN Capital Stock Down 0.6 %

ECN opened at C$3.13 on Friday. ECN Capital has a one year low of C$1.60 and a one year high of C$3.43. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The company has a market capitalization of C$879.91 million, a PE ratio of -9.48, a P/E/G ratio of 0.24 and a beta of 1.35. The stock’s fifty day moving average is C$3.07 and its 200-day moving average is C$2.49.

ECN Capital (TSE:ECN) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. On average, equities analysts predict that ECN Capital will post 0.2446449 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. Corporate insiders own 18.31% of the company’s stock.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.