Shares of Eleco Plc (LON:ELCO - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 123.70 ($1.63) and traded as high as GBX 133 ($1.75). Eleco shares last traded at GBX 130.95 ($1.73), with a volume of 94,133 shares.
Analyst Ratings Changes
Separately, Canaccord Genuity Group assumed coverage on shares of Eleco in a report on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.32) price target for the company.
Read Our Latest Analysis on Eleco
Eleco Trading Up 2.9%
The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79. The company has a fifty day simple moving average of GBX 123.85 and a 200-day simple moving average of GBX 135.20. The company has a market capitalization of £123.07 million, a PE ratio of 41.81 and a beta of 0.82.
Eleco (LON:ELCO - Get Free Report) last posted its quarterly 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%. Analysts predict that Eleco Plc will post 6 EPS for the current year.
Insider Activity
In other news, insider Jonathan Albert Hunter acquired 20,000 shares of Eleco stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of GBX 48 ($0.63) per share, with a total value of £9,600 ($12,648.22). Company insiders own 51.92% of the company's stock.
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