Exco Technologies Limited (TSE:XTC) saw its stock price exceed the 200-day moving average during trading on December 31, 2023. The stock, which has a 200-day moving average of C$6.72, reached a peak of C$6.89 before closing at C$6.83, with a trading volume of 12,556 shares.
In the trading session, Exco Technologies experienced a slight decline of 0.6%. The company boasts a market capitalization of approximately C$259.29 million and a price-to-earnings ratio of 10.84. Its beta stands at 0.73, indicating lower volatility compared to the broader market. The firm’s 50-day moving average is currently C$6.65, while its debt-to-equity ratio is reported at 26.17. Additionally, Exco Technologies maintains a current ratio of 2.83 and a quick ratio of 1.30, showcasing a strong liquidity position.
Dividend Declaration and Insider Transactions
Exco Technologies also announced a quarterly dividend of C$0.105 per share, which was distributed to shareholders on December 31, 2023. This translates to an annualized dividend of C$0.42, reflecting a dividend yield of 6.1%. The ex-dividend date for this distribution was December 17, 2023, and the company’s payout ratio stands at 66.67%.
In a notable insider transaction, Darren Michael Kirk acquired 4,300 shares of Exco Technologies on December 18, 2023, at an average price of C$6.71 per share. This purchase amounted to a total of C$28,853, increasing his holdings to 9,300 shares valued at C$62,403. Following this transaction, corporate insiders now own approximately 51.81% of Exco Technologies’ stock.
Company Overview
Exco Technologies Ltd specializes in the design, development, and manufacturing of dies, moulds, components, and assemblies for the die-cast, extrusion, and automotive industries. The company operates through two primary segments: the Casting and Extrusion segment and the Automotive Solutions segment. The latter generates the majority of revenue, focusing on automotive interior components and assemblies, particularly for seating, cargo storage, and restraint systems for sale to automotive manufacturers and Tier 1 suppliers.
As Exco Technologies continues to navigate the market, its recent performance and strategic decisions highlight its commitment to growth and shareholder value.
