Exco Technologies (XTC) Stock Price Up 2.9%

Exco Technologies Limited (TSE:XTC) shares rose 2.9% during mid-day trading on Thursday . The company traded as high as C$9.99 and last traded at C$9.93. Approximately 90,918 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 41,334 shares. The stock had previously closed at C$9.65.

XTC has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of Exco Technologies from C$12.50 to C$10.00 and set a “sector perform” rating for the company in a research note on Friday, December 1st. BMO Capital Markets cut their target price on shares of Exco Technologies from C$11.50 to C$10.00 in a research note on Friday, December 1st.

The firm has a market cap of $402.38, a PE ratio of 9.97 and a beta of 0.84.

Exco Technologies (TSE:XTC) last posted its quarterly earnings data on Wednesday, November 29th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.09). Exco Technologies had a return on equity of 9.93% and a net margin of 5.72%.

In related news, Director Robert Basil Magee acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of C$9.27 per share, for a total transaction of C$46,350.00. Also, insider Edward James Kernaghan acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of C$9.20 per share, with a total value of C$27,600.00. Insiders purchased a total of 413,650 shares of company stock valued at $3,942,673 in the last 90 days.

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Exco Technologies 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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