Eleco (LON:ELCO) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Eleco Plc (LON:ELCOGet Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 143.59 and traded as low as GBX 132. Eleco shares last traded at GBX 132, with a volume of 61,714 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 176 price target on shares of Eleco in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 176.

Check Out Our Latest Report on ELCO

Eleco Trading Down 0.6%

The firm has a market cap of £109.88 million, a price-to-earnings ratio of 29.50 and a beta of 0.82. The company has a fifty day moving average price of GBX 143.59 and a 200-day moving average price of GBX 156.15. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79.

Eleco (LON:ELCOGet Free Report) last posted its earnings results on Tuesday, September 16th. The company reported GBX 2 EPS for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. As a group, research analysts expect that Eleco Plc will post 6 EPS for the current year.

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