Exco Technologies (TSE:XTC) Sets New 52-Week Low – Here’s What Happened

Exco Technologies Limited (TSE:XTC) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$5.98 and last traded at C$5.99, with a volume of 10077 shares changing hands. The stock had previously closed at C$5.92.

Wall Street Analysts Forecast Growth

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

Exco Technologies Stock Performance

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’s 50 day moving average price is C$6.75 and its two-hundred day moving average price is C$7.64. The firm has a market capitalization of C$228.52 million, a price-to-earnings ratio of 8.10 and a beta of 1.15.

Exco Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 7.12%. The ex-dividend date of this dividend is Monday, March 17th. Exco Technologies’s dividend payout ratio (DPR) is 57.69%.

Insider Buying and Selling at Exco Technologies

In other news, Senior Officer William Peter Schroers sold 12,000 shares of the 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 the stock in a transaction that occurred 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. 51.81% of the stock is owned by corporate insiders.

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.