ECN Capital (OTCMKTS:ECNCF) Downgraded to “Hold” at TD Securities

TD Securities cut shares of ECN Capital (OTCMKTS:ECNCF – Get Rating) from a buy rating to a hold rating in a report issued on Tuesday morning, The Fly reports.

Other analysts have also recently issued reports about the stock. Raymond James decreased their target price on shares of ECN Capital to C$4.00 in a research report on Thursday, March 23rd. CIBC cut shares of ECN Capital from an outperform rating to a neutral rating in a research report on Thursday, March 23rd. Royal Bank of Canada decreased their target price on shares of ECN Capital from C$4.00 to C$3.50 in a research report on Thursday, March 23rd. Finally, National Bank Financial decreased their target price on shares of ECN Capital from C$5.00 to C$4.50 in a research report on Thursday, March 23rd.

ECN Capital Stock Performance

Shares of OTCMKTS ECNCF opened at $2.00 on Tuesday. The firm’s 50-day moving average price is $2.29 and its 200-day moving average price is $2.25. ECN Capital has a 12-month low of $1.73 and a 12-month high of $5.69.

ECN Capital Company Profile

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ECN Capital Corp. provides business services to North American based banks, credit unions, life insurance companies, pension funds and investment funds. Its services are offered through three operating businesses: Service Finance, Triad Financial Services, and The Kessler Group. The Service Finance business offers installment loan solutions for qualified borrowers with favourable consumer interest rates and extended repayment terms.