Exco Technologies (XTC) Sets New 12-Month Low at $8.96

Exco Technologies Limited (TSE:XTC) shares reached a new 52-week low on Monday . The stock traded as low as C$8.96 and last traded at C$8.98, with a volume of 13531 shares traded. The stock had previously closed at C$9.02.

Separately, Scotiabank reduced their price objective on Exco Technologies from C$11.00 to C$10.50 and set a “sector perform” rating for the company in a research report on Friday, April 27th.

Exco Technologies (TSE:XTC) last posted its quarterly earnings data on Wednesday, April 25th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.26 by C($0.01). Exco Technologies had a return on equity of 11.79% and a net margin of 6.61%. The firm had revenue of C$148.39 million for the quarter, compared to analyst estimates of C$145.00 million.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, June 14th will be issued a dividend of $0.085 per share. The ex-dividend date is Wednesday, June 13th. This represents a $0.34 annualized dividend and a yield of 3.83%.

In related news, insider Edward James Kernaghan bought 26,600 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The shares were acquired at an average price of C$9.25 per share, for a total transaction of C$246,050.00. Insiders have purchased 218,700 shares of company stock worth $2,117,490 in the last quarter.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.

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