Time to Buy ECN Capital Corp After Today’s Huge Decline?

 Time to Buy ECN Capital Corp After Today's Huge Decline?

The stock of ECN Capital Corp (TSE:ECN) is a huge mover today! About 65,553 shares traded hands. ECN Capital Corp (TSE:ECN) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 8 months negative chart setup for the $1.18 billion company. It was reported on Nov, 25 by Barchart.com. We have $2.97 PT which if reached, will make TSE:ECN worth $47.20 million less.

ECN Capital Corp (TSE:ECN) Ratings Coverage

Out of 2 analysts covering ECN Capital Corp (TSE:ECN), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. ECN Capital Corp has been the topic of 2 analyst reports since November 9, 2016 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Scotia Capital on Thursday, November 24. The company was maintained on Wednesday, November 9 by TD Securities.

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. Finance.Yahoo.com‘s news article titled: “ECN Capital Reports $0.07 in Adjusted EPS in Q3-2016” with publication date: November 14, 2016 was also an interesting one.

ECN Capital Corp is a Canada-based independent commercial finance company. The company has a market cap of $1.18 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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