Exco Technologies (TSE:XTC) Reaches New 52-Week Low Following Insider Selling

Exco Technologies Limited (TSE:XTC) hit a new 52-week low during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as C$6.54 and last traded at C$6.55, with a volume of 8660 shares. The stock had previously closed at C$6.60.

Specifically, insider Paul Robbins sold 25,000 shares of Exco Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$6.53, for a total value of C$163,302.50.

Analyst Upgrades and Downgrades

Separately, Cormark lowered shares of Exco Technologies from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Exco Technologies Stock Down 0.2 %

The company has a market capitalization of C$255.25 million, a price-to-earnings ratio of 9.05 and a beta of 1.15. The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83. The business has a 50-day simple moving average of C$7.33 and a two-hundred day simple moving average of C$7.87.

Exco Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.42 dividend on an annualized basis and a yield of 6.37%. Exco Technologies’s dividend payout ratio (DPR) is 57.69%.

About Exco Technologies

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.