Element Fleet Management (OTCMKTS:ELEEF) Sets New 52-Week Low – What’s Next?

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEFGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.72 and last traded at $18.72, with a volume of 7629 shares. The stock had previously closed at $18.90.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Element Fleet Management to a “buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Element Fleet Management has an average rating of “Buy”.

Read Our Latest Stock Analysis on Element Fleet Management

Element Fleet Management Trading Down 1.0%

The company has a current ratio of 7.73, a quick ratio of 7.73 and a debt-to-equity ratio of 3.55. The business’s fifty day simple moving average is $21.54 and its two-hundred day simple moving average is $23.80. The stock has a market capitalization of $7.42 billion and a P/E ratio of 25.30.

Element Fleet Management (OTCMKTS:ELEEFGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Element Fleet Management had a net margin of 23.95% and a return on equity of 23.87%. The firm had revenue of $323.52 million during the quarter, compared to the consensus estimate of $311.40 million.

About Element Fleet Management

(Get Free Report)

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.

See Also

Receive News & Ratings for Element Fleet Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management and related companies with MarketBeat.com's FREE daily email newsletter.