Exco Technologies (TSE:XTC) PT Lowered to C$7.00

Exco Technologies (TSE:XTC) had its target price decreased by Scotiabank from C$7.50 to C$7.00 in a research note released on Friday, BayStreet.CA reports.

Separately, BMO Capital Markets lifted their price objective on shares of Exco Technologies from C$6.00 to C$7.00 in a report on Monday, June 22nd.

Exco Technologies stock traded down C$0.16 during mid-day trading on Friday, hitting C$6.36. The company’s stock had a trading volume of 24,173 shares, compared to its average volume of 40,681. The company has a 50 day moving average of C$6.64 and a 200-day moving average of C$6.72. The stock has a market cap of $252.82 million and a PE ratio of 8.10. The company has a debt-to-equity ratio of 6.96, a quick ratio of 1.90 and a current ratio of 2.89. Exco Technologies has a one year low of C$4.72 and a one year high of C$8.89.

Exco Technologies (TSE:XTC) last issued its earnings results on Wednesday, April 29th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.22 by C$0.02. The company had revenue of C$120.24 million for the quarter, compared to analysts’ expectations of C$125.10 million. On average, equities research analysts forecast that Exco Technologies will post 0.6 EPS for the current fiscal year.

In other Exco Technologies news, insider Paul Robbins sold 5,000 shares of Exco Technologies stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$6.82, for a total transaction of C$34,100.00. Following the completion of the sale, the insider now directly owns 965,243 shares of the company’s stock, valued at approximately C$6,582,957.26.

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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