The stock of ECN Capital Corp (TSE:ECN) hit a new 52-week low and has $2.38 target or 9.00% below today’s $2.61 share price. The 8 months bearish chart indicates high risk for the $1.04B company. The 1-year low was reported on Nov, 16 by Barchart.com. If the $2.38 price target is reached, the company will be worth $93.60M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 350,357 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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