The stock of ECN Capital Corp (TSE:ECN) reached all time low today, Nov, 16 and still has $2.40 target or 8.00% below today’s $2.61 share price. This indicates more downside for the $1.04 billion company. This technical setup was reported by Barchart.com. If the $2.40 PT is reached, the company will be worth $83.20M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 362,257 shares traded hands. ECN Capital Corp (TSE:ECN) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More recent ECN Capital Corp (TSE:ECN) news were published by: Seekingalpha.com which released: “ECN Capital Corp. – A Gem In The Garbage Can” on November 02, 2016. Also Marketwatch.com published the news titled: “ECN Capital Corp. Opens the Market” on October 05, 2016. Marketwatch.com‘s news article titled: “ECN Capital Corp.” with publication date: November 01, 2016 was also an interesting one.
ECN Capital Corp is a Canada-based independent commercial finance company. The company has a market cap of $1.04 billion. The Firm operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor Finance, and Commercial Aviation Finance. It currently has negative earnings. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.
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