Elis (OTCMKTS:ELSSF) Shares Down 1.8% – Here’s Why

Elis SA (OTCMKTS:ELSSF)’s stock price traded down 1.8% on Thursday . The company traded as low as $27.9839 and last traded at $27.9839. 290 shares were traded during trading, a decline of 27% from the average session volume of 399 shares. The stock had previously closed at $28.50.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada started coverage on shares of Elis in a report on Monday, February 23rd. They issued a “sector perform” rating on the stock. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Elis has an average rating of “Hold”.

Elis Stock Down 1.8%

The company has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $28.64.

About Elis

Elis SA is a France-based provider of textile, hygiene and facility services under a rental and maintenance model. The company specializes in the supply, laundering and upkeep of workwear, corporate uniforms, hospitality linens, floor mats and cleaning cloths. Elis also offers professional hygiene solutions, including restroom hygiene systems, hand-care products and infection-prevention services designed for sectors such as healthcare, hospitality, industry, retail and public institutions.

Founded in 1907 and headquartered in La Défense, Paris, Elis operates a network of industrial laundries and service sites across Europe and Latin America.