ECN Capital (TSE:ECN) Trading 2.2% Higher

Shares of ECN Capital Corp (TSE:ECN) traded up 2.2% on Thursday . The stock traded as high as C$4.74 and last traded at C$4.74, 113,428 shares traded hands during mid-day trading. A decline of 78% from the average session volume of 509,285 shares. The stock had previously closed at C$4.64.

Several equities research analysts have recently weighed in on the company. TD Securities increased their price target on ECN Capital from C$5.50 to C$6.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James reissued a “market perform” rating and issued a C$5.25 price target on shares of ECN Capital in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$5.61.

The firm has a 50 day moving average of C$4.49 and a 200 day moving average of C$4.48. The firm has a market cap of $1.15 billion and a price-to-earnings ratio of -9.83. The company has a quick ratio of 2.91, a current ratio of 3.91 and a debt-to-equity ratio of 51.47.

ECN Capital (TSE:ECN) last released its earnings results on Thursday, November 7th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.09 by C$0.01. The business had revenue of C$83.62 million for the quarter, compared to analyst estimates of C$84.48 million. Equities analysts expect that ECN Capital Corp will post 0.36 EPS for the current year.

ECN Capital Company Profile (TSE:ECN)

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler – Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.

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