ECN Capital (OTCMKTS:ECNCF) Stock Price Up 6.8% – Should You Buy?

ECN Capital Corp. (OTCMKTS:ECNCF) shares rose 6.8% during trading on Monday . The stock traded as high as $2.15 and last traded at $2.15. Approximately 6,755 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 19,148 shares. The stock had previously closed at $2.01.

Wall Street Analyst Weigh In

ECNCF has been the subject of several recent research reports. Raymond James Financial lowered ECN Capital to a “market perform” rating in a research report on Friday, August 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of ECN Capital in a research report on Monday, August 11th. Finally, Royal Bank Of Canada assumed coverage on ECN Capital in a research report on Wednesday, October 1st. They set a “sector perform” rating on the stock. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ECN Capital presently has an average rating of “Hold”.

ECN Capital Stock Performance

The company has a 50-day moving average of $2.08 and a 200-day moving average of $2.06.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.