Exco Technologies (TSE:XTC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Exco Technologies Limited (TSE:XTC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.42 and traded as high as C$6.86. Exco Technologies shares last traded at C$6.84, with a volume of 20,861 shares trading hands.

Exco Technologies Stock Performance

The stock has a market capitalization of C$261.49 million, a price-to-earnings ratio of 11.03 and a beta of 0.86. The company has a quick ratio of 1.30, a current ratio of 2.83 and a debt-to-equity ratio of 26.17. The stock’s 50-day simple moving average is C$6.73 and its 200 day simple moving average is C$6.42.

Exco Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.1%. Exco Technologies’s payout ratio is currently 67.74%.

Exco Technologies Company Profile

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.