ECN Capital (TSE:ECN) Hits New 12-Month High Following Insider Buying Activity

ECN Capital Corp. (TSE:ECN)’s stock price hit a new 52-week high during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as C$23.45 and last traded at C$2.54, with a volume of 175002 shares changing hands. The stock had previously closed at C$2.61.

Specifically, Director Steven Kenneth Hudson purchased 200,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were bought at an average price of C$2.56 per share, for a total transaction of C$511,300.00.

ECN Capital Trading Down 3.4%

The firm has a 50-day moving average of C$2.74 and a two-hundred day moving average of C$2.94. The firm has a market capitalization of C$505.72 million, a P/E ratio of -11.26, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.59%. ECN Capital’s payout ratio is presently -17.87%.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company’s operating segment includes Service Finance – Home Improvement Loans; KG – Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services – Manufactured Home Loans and Corporate.