ECN Capital (OTCMKTS:ECNCF) Trading 0.5% Higher – Here’s What Happened

ECN Capital Corp. (OTCMKTS:ECNCF) shot up 0.5% during trading on Monday . The company traded as high as $2.23 and last traded at $2.2240. 28,973 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 201,553 shares. The stock had previously closed at $2.2120.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada initiated coverage on shares of ECN Capital in a research note on Wednesday, October 1st. They set a “sector perform” rating for the company. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

ECN Capital Trading Up 0.5%

The company has a fifty day moving average of $2.13 and a two-hundred day moving average of $2.11.

ECN Capital Company Profile

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.