Exco Technologies (TSE:XTC) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Exco Technologies Limited (TSE:XTC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.73 and traded as low as C$6.53. Exco Technologies shares last traded at C$6.79, with a volume of 5,610 shares traded.

Exco Technologies Price Performance

The stock has a market cap of C$257.78 million, a P/E ratio of 10.78 and a beta of 0.73. The company has a 50 day simple moving average of C$6.63 and a 200 day simple moving average of C$6.73. The company has a current ratio of 2.83, a quick ratio of 1.30 and a debt-to-equity ratio of 26.17.

Exco Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, December 17th. Exco Technologies’s payout ratio is currently 66.67%.

Insiders Place Their Bets

In other Exco Technologies news, insider Darren Michael Kirk bought 32,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of C$6.70 per share, with a total value of C$214,400.00. Following the completion of the transaction, the insider owned 70,354 shares in the company, valued at approximately C$471,371.80. This trade represents a 83.43% increase in their ownership of the stock. Company insiders own 51.81% of the company’s stock.

Exco Technologies Company Profile

Exco Technologies Ltd is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. The company reports in two business segments namely, Casting and Extrusion segment and Automotive Solutions segment. It generates maximum revenue from the Automotive Solutions segment. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage, and restraint for sale to automotive manufacturers and Tier 1 suppliers.