Insider Selling: Echelon Financial Holdings Inc (TSE:EFH) Director Sells 53,700 Shares of Stock

Echelon Financial Holdings Inc (TSE:EFH) Director Joseph Lee Grant Matheson sold 53,700 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$6.00, for a total transaction of C$322,237.59. Following the completion of the sale, the director now directly owns 108,600 shares in the company, valued at C$651,676.02.

EFH opened at C$6.10 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.08. The firm has a fifty day moving average price of C$5.73 and a 200 day moving average price of C$11.39. Echelon Financial Holdings Inc has a 1 year low of C$5.01 and a 1 year high of C$14.57. The stock has a market cap of $72.72 million and a P/E ratio of -5.78.

Echelon Financial (TSE:EFH) last posted its earnings results on Tuesday, May 14th. The company reported C($0.36) earnings per share (EPS) for the quarter. The company had revenue of C$8.10 million for the quarter. Equities analysts expect that Echelon Financial Holdings Inc will post 1.2663934 EPS for the current year.

Echelon Financial Company Profile

Echelon Financial Holdings Inc, through its subsidiaries, provides property and casualty insurance products and services in Canada. It operates in two segments, Personal Lines and Commercial Lines. The Personal Lines segment primarily underwrites specialty auto, non-standard automobile insurance; and insurance for motorcycles, antique and classic vehicles, trailers, motor-homes, recreational vehicles, and personal property.

Further Reading: Market Timing

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