Exco Technologies Limited (TSE:XTC) Cut to Sector Perform at Scotiabank
Exco Technologies Limited (TSE:XTC) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday. They currently have a C$12.50 target price on the stock, down from their prior target price of C$15.00. Scotiabank’s target price points to a potential upside of 18.04% from the stock’s previous close.
Exco Technologies Limited (TSE:XTC) traded down 2.08% during mid-day trading on Tuesday, reaching $10.37. The company’s stock had a trading volume of 63,096 shares. The company has a 50-day moving average price of $10.91 and a 200-day moving average price of $11.25. The firm has a market cap of $441.75 million and a PE ratio of 8.79. Exco Technologies Limited has a 12-month low of $9.89 and a 12-month high of $12.79.
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In other news, insider Paul Robbins sold 9,800 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of C$10.92, for a total transaction of C$107,016.00. Also, insider Paul Riganelli sold 2,500 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of C$11.46, for a total value of C$28,650.00. Insiders have sold a total of 14,300 shares of company stock worth $158,606 over the last three months.
About Exco Technologies Limited
Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines.
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