Element Fleet Management (OTCMKTS:ELEEF) Stock Price Down 7.6% – Time to Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price fell 7.6% on Tuesday . The stock traded as low as $24.56 and last traded at $24.56. 408 shares traded hands during trading, a decline of 99% from the average session volume of 42,564 shares. The stock had previously closed at $26.58.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ELEEF. Raymond James Financial reissued a “strong-buy” rating on shares of Element Fleet Management in a research note on Thursday, November 13th. National Bank Financial reiterated an “outperform” rating on shares of Element Fleet Management in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Element Fleet Management Stock Down 0.2%

The stock’s fifty day moving average price is $25.62 and its 200-day moving average price is $26.13.

About Element Fleet Management

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.