Exco Technologies Limited (TSE:XTC) to Issue $0.11 Quarterly Dividend

Exco Technologies Limited (TSE:XTC) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.105 per share on Friday, September 27th. This represents a $0.42 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Friday, September 13th.

Exco Technologies Trading Down 2.7 %

Shares of Exco Technologies stock traded down C$0.21 during midday trading on Friday, reaching C$7.56. The company had a trading volume of 5,233 shares, compared to its average volume of 17,277. The stock has a fifty day moving average price of C$7.84 and a 200 day moving average price of C$7.57. Exco Technologies has a fifty-two week low of C$7.00 and a fifty-two week high of C$8.76. The firm has a market cap of C$293.03 million, a PE ratio of 10.13 and a beta of 1.19. The company has a debt-to-equity ratio of 30.90, a current ratio of 2.77 and a quick ratio of 1.30.

Exco Technologies (TSE:XTC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.21 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.04. Exco Technologies had a net margin of 4.52% and a return on equity of 7.82%. The company had revenue of C$163.83 million for the quarter, compared to analyst estimates of C$165.30 million. On average, equities analysts anticipate that Exco Technologies will post 0.7806122 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the stock a “buy” rating in a research note on Thursday, June 27th.

Insider Buying and Selling

In other Exco Technologies news, Senior Officer Paul Riganelli sold 5,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$7.80, for a total transaction of C$39,000.00. Insiders have sold a total of 15,000 shares of company stock worth $118,300 in the last ninety days. Corporate insiders own 51.72% of the company’s stock.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.