Exco Technologies Limited (TSE:XTC) insider Edward James Kernaghan bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average cost of C$9.20 per share, with a total value of C$27,600.00.
Exco Technologies Limited (TSE XTC) traded up C$0.07 during trading on Wednesday, reaching C$9.30. 53,239 shares of the company were exchanged, compared to its average volume of 47,999. Exco Technologies Limited has a 1-year low of C$8.80 and a 1-year high of C$12.79.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, December 12th. Exco Technologies’s dividend payout ratio (DPR) is currently 28.04%.
A number of research firms recently weighed in on XTC. Scotiabank downgraded shares of Exco Technologies from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$15.00 to C$12.50 in a research report on Tuesday, August 8th. BMO Capital Markets decreased their target price on shares of Exco Technologies from C$11.50 to C$10.00 in a research report on Friday, December 1st.
Exco Technologies Company Profile
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 in two segments, Casting and Extrusion; and Automotive Solutions. The Casting and Extrusion segment designs, develops, manufactures, and sells die-castings and extrusion tooling products, and consumable parts for aluminum die-casting and aluminum extrusion machines.
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