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.

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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.

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