Exco Technologies (TSE:XTC) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Exco Technologies Limited (TSE:XTC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.72 and traded as high as C$7.15. Exco Technologies shares last traded at C$6.96, with a volume of 19,093 shares changing hands.

Exco Technologies Trading Down 1.6%

The firm has a market capitalization of C$264.23 million, a P/E ratio of 11.05 and a beta of 0.72. The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17. The stock has a 50 day simple moving average of C$6.78 and a 200-day simple moving average of C$6.72.

Exco Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Wednesday, December 17th. Exco Technologies’s dividend payout ratio is currently 66.67%.

Insider Buying and Selling at Exco Technologies

In other Exco Technologies news, insider Darren Michael Kirk acquired 32,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of C$6.70 per share, with a total value of C$214,400.00. Following the transaction, the insider directly owned 70,354 shares in the company, valued at approximately C$471,371.80. The trade was a 83.43% increase in their position. 51.81% of the stock is owned by corporate insiders.

Exco Technologies Company Profile

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers.