Exco Technologies Limited (XTC) Downgraded by Scotiabank

Scotiabank lowered shares of Exco Technologies Limited (TSE:XTC) from an outperform rating to a sector perform rating in a report issued on Tuesday morning. Scotiabank currently has C$12.50 price objective on the stock, down from their previous price objective of C$15.00.

Shares of Exco Technologies Limited (XTC) opened at 10.25 on Tuesday. The firm’s 50-day moving average price is $10.84 and its 200-day moving average price is $11.24. Exco Technologies Limited has a 52-week low of $9.89 and a 52-week high of $12.79. The stock has a market cap of $437.16 million and a P/E ratio of 9.67.

TRADEMARK VIOLATION WARNING: “Exco Technologies Limited (XTC) Downgraded by Scotiabank” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.com-unik.info/2017/08/12/exco-technologies-limited-xtc-downgraded-by-scotiabank.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.12%. This is a boost from Exco Technologies Limited’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, September 14th.

In related news, insider Paul Robbins sold 9,800 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$10.92, for a total value of C$107,016.00. Also, insider Paul Riganelli sold 2,500 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of C$11.46, for a total transaction of C$28,650.00. Insiders have sold a total of 14,300 shares of company stock worth $158,606 over the last 90 days.

Exco Technologies Limited Company Profile

Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines.

What are top analysts saying about Exco Technologies Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Exco Technologies Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit