Element Fleet Management (OTCMKTS:ELEEF) Reaches New 52-Week Low – Should You Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF) hit a new 52-week low during trading on Thursday . The company traded as low as $17.74 and last traded at $17.74, with a volume of 184636 shares changing hands. The stock had previously closed at $18.05.

Element Fleet Management Stock Down 0.2%

The company has a market cap of $6.99 billion and a price-to-earnings ratio of 24.12. The stock’s 50-day moving average is $20.31 and its 200-day moving average is $21.09. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54.

Element Fleet Management (OTCMKTS:ELEEF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%. The business had revenue of $318.09 million for the quarter, compared to the consensus estimate of $320.07 million.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a global fleet management company that provides outsourced vehicle management services to corporations, government organizations and other businesses. Its solutions are designed to help customers acquire, operate, maintain and replace vehicles throughout their lifecycles.

The company’s services include vehicle financing and leasing, procurement, maintenance management, fuel and expense administration, accident and safety management, telematics, driver support, compliance services and vehicle remarketing.