Eleco Plc (LON:ELCO - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 143.43 ($1.93) and traded as high as GBX 167.50 ($2.25). Eleco shares last traded at GBX 163.14 ($2.19), with a volume of 16,921 shares.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group began coverage on Eleco in a research report on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.37) target price on the stock.
Check Out Our Latest Stock Report on ELCO
Eleco Stock Performance
The stock has a 50-day simple moving average of GBX 145.47 and a 200-day simple moving average of GBX 139.94. The company has a market capitalization of £137.47 million, a price-to-earnings ratio of 46.71 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79.
Eleco (LON:ELCO - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported GBX 5.10 ($0.07) earnings per share (EPS) for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. On average, analysts anticipate that Eleco Plc will post 6 earnings per share for the current year.
Insider Activity at Eleco
In related news, insider James Pellatt bought 6,052 shares of the company's stock in a transaction on Thursday, June 19th. The shares were purchased at an average cost of GBX 165 ($2.22) per share, with a total value of £9,985.80 ($13,428.99). Also, insider Mark Castle bought 5,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average cost of GBX 159 ($2.14) per share, for a total transaction of £7,950 ($10,691.23). In the last ninety days, insiders have bought 52,552 shares of company stock valued at $8,496,580. Corporate insiders own 51.92% of the company's stock.
Eleco Company Profile
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Further Reading
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