Eleco (LON:ELCO) Shares Cross Below 50-Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCOGet Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 123.78 and traded as low as GBX 122. Eleco shares last traded at GBX 123.40, with a volume of 100,128 shares trading hands.

Eleco Trading Down 1.5%

The firm’s 50-day moving average price is GBX 123.78 and its 200-day moving average price is GBX 129.69. The company has a quick ratio of 1.23, a current ratio of 1.00 and a debt-to-equity ratio of 3.78. The company has a market cap of £101.43 million, a P/E ratio of 75.94 and a beta of 0.68.

Eleco (LON:ELCOGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported GBX 6.30 earnings per share for the quarter. The business had revenue of GBX 3,882 million for the quarter. Eleco had a net margin of 3.39% and a return on equity of 4.16%. As a group, equities research analysts expect that Eleco Plc will post 6 earnings per share for the current fiscal year.

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