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Eleco (LON:ELCO) Releases Quarterly Earnings Results

Eleco logo with Computer and Technology background

Eleco (LON:ELCO - Get Free Report) issued its quarterly earnings data on Thursday, May 1st. The company reported GBX 5.10 ($0.07) earnings per share for the quarter, Digital Look Earnings reports. Eleco had a net margin of 9.46% and a return on equity of 10.50%.

Eleco Trading Up 3.8 %

Shares of LON:ELCO traded up GBX 5 ($0.07) during midday trading on Thursday, reaching GBX 136.50 ($1.81). The company's stock had a trading volume of 263,046 shares, compared to its average volume of 54,728. The firm has a market cap of £113.72 million, a price-to-earnings ratio of 38.64 and a beta of 0.82. The business has a 50 day moving average price of GBX 123.70 and a 200 day moving average price of GBX 135.04. Eleco has a 1 year low of GBX 103.77 ($1.38) and a 1 year high of GBX 152.90 ($2.03). The company has a quick ratio of 1.23, a current ratio of 1.01 and a debt-to-equity ratio of 4.79.

Insider Buying and Selling

In related news, insider Jonathan Albert Hunter purchased 20,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought at an average price of GBX 48 ($0.64) per share, with a total value of £9,600 ($12,762.56). 51.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group initiated coverage on shares of Eleco in a research note on Thursday. They set a "buy" rating and a GBX 176 ($2.34) price target on the stock.

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Eleco Company Profile

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