Eleco Plc (LON:ELCO - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.27 ($2.21) and traded as high as GBX 176.50 ($2.34). Eleco shares last traded at GBX 173.48 ($2.30), with a volume of 1,023,551 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group started coverage on shares of Eleco in a research note on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.34) price objective for the company.
View Our Latest Stock Analysis on Eleco
Eleco Trading Down 1.6%
The firm has a market capitalization of £142.68 million, a P/E ratio of 48.48 and a beta of 0.82. The firm's 50-day simple moving average is GBX 166.99 and its 200-day simple moving average is GBX 145.29. The company has a quick ratio of 1.23, a current ratio of 1.01 and a debt-to-equity ratio of 4.79.
Eleco (LON:ELCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported GBX 5.10 ($0.07) EPS for the quarter. Eleco had a net margin of 9.46% and a return on equity of 10.50%. Analysts anticipate that Eleco Plc will post 6 EPS for the current year.
Insiders Place Their Bets
In other Eleco news, insider Mark Castle bought 31,500 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was acquired at an average price of GBX 162 ($2.15) per share, with a total value of £51,030 ($67,759.93). Also, insider James Pellatt purchased 6,052 shares of Eleco stock in a transaction dated Thursday, June 19th. The shares were acquired at an average cost of GBX 165 ($2.19) per share, with a total value of £9,985.80 ($13,259.59). In the last 90 days, insiders have bought 52,552 shares of company stock worth $8,496,580. Company insiders own 51.92% of the company's stock.
Eleco Company Profile
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Further Reading
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