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

Element Fleet Management Corp. (OTCMKTS:ELEEF – Get Free Report) shares reached a new 52-week low during trading on Tuesday. The stock traded as low as $15.95 and last traded at $15.96, with a volume of 40057 shares. The stock had previously closed at $16.94.

Element Fleet Management Trading Up 0.1%

The firm has a market capitalization of $6.22 billion and a P/E ratio of 21.47. The stock has a 50-day simple moving average of $19.54 and a two-hundred day simple moving average of $20.70. 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $318.09 million for the quarter, compared to the consensus estimate of $320.07 million. Element Fleet Management had a return on equity of 24.75% and a net margin of 23.33%.

Element Fleet Management Company Profile

(Get Free Report)

Element Fleet Management Corp. is a Canada-based provider of fleet management services for organizations that operate cars, trucks and other commercial vehicles. The company helps businesses manage the full vehicle lifecycle, from acquisition and financing to maintenance, compliance, driver support and vehicle disposal.

Its services include vehicle sourcing and financing, preventive maintenance, accident and repair management, telematics and fleet data, fuel and sustainability programs, and remarketing.

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