ECN Capital (OTCMKTS:ECNCF) Stock Price Up 1.9% – Here’s What Happened

ECN Capital Corp. (OTCMKTS:ECNCF) rose 1.9% during mid-day trading on Tuesday . The stock traded as high as $2.2220 and last traded at $2.2220. Approximately 196 shares changed hands during trading, a decline of 97% from the average daily volume of 6,324 shares. The stock had previously closed at $2.18.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of ECN Capital in a report on Monday, January 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

ECN Capital Trading Up 1.9%

The business has a fifty day moving average price of $2.19 and a 200 day moving average price of $2.13.

About ECN Capital

ECN Capital Corp. is a global equipment finance and mortgage lending company specializing in tailored funding solutions for vendors, manufacturers and independent mortgage lenders. Through its vendor finance segment, the company designs and manages leasing and financing programs for commercial equipment, partnering with original equipment manufacturers, distributors and dealership networks. These programs include operating and capital lease structures, end-of-term options and portfolio management services, supporting business-to-business transactions across North America, Australia and New Zealand.

In its mortgage finance segment, ECN Capital offers warehouse lending and other liquidity solutions to residential mortgage originators in the United States.