ECN Capital (OTCMKTS:ECNCF) Trading 0.7% Higher – Still a Buy?

ECN Capital Corp. (OTCMKTS:ECNCF) shot up 0.7% during trading on Wednesday . The company traded as high as $2.1840 and last traded at $2.18. Approximately 5,000 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 184,040 shares. The stock had previously closed at $2.1640.

Analyst Upgrades and Downgrades

ECNCF has been the subject of several recent analyst reports. Raymond James Financial cut shares of 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 report on Monday, August 11th. Finally, Royal Bank Of Canada initiated coverage on shares of ECN Capital in a research note on Wednesday, October 1st. They issued a “sector perform” rating on the stock. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

ECN Capital Stock Up 0.7%

The business’s fifty day moving average price is $2.07 and its 200 day moving average price is $2.08.

About ECN Capital

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.