Eleco Plc (LON:ELCO - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 143.43 ($1.92) 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 traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group began coverage on shares of Eleco in a research report on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.36) price objective for the company.
Read Our Latest Analysis on Eleco
Eleco Stock Performance
The company has a market cap of £135.92 million, a PE ratio of 46.18 and a beta of 0.82. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01. The firm's 50 day moving average is GBX 143.43 and its 200-day moving average is GBX 139.64.
Eleco (LON:ELCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported GBX 5.10 ($0.07) earnings per share (EPS) for the quarter. Eleco had a net margin of 9.46% and a return on equity of 10.50%. On average, research analysts anticipate that Eleco Plc will post 6 earnings per share for the current fiscal year.
Insider Activity at Eleco
In other news, insider Mark Castle purchased 5,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average price of GBX 159 ($2.13) per share, with a total value of £7,950 ($10,668.28). In the last quarter, insiders acquired 46,500 shares of company stock valued at $7,498,000. Corporate insiders own 51.92% of the company's stock.
Eleco Company Profile
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