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Eleco (LON:ELCO) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Eleco logo with Computer and Technology background

Shares of 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 123.70 ($1.64) and traded as high as GBX 133 ($1.77). Eleco shares last traded at GBX 130.95 ($1.74), with a volume of 94,133 shares changing hands.

Eleco Trading Up 4.2 %

The company has a market capitalization of £114.14 million, a P/E ratio of 38.78 and a beta of 0.82. The company has a 50-day simple moving average of GBX 123.70 and a 200 day simple moving average of GBX 135.04. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01.

Eleco (LON:ELCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported GBX 5.10 ($0.07) earnings per share for the quarter. Eleco had a net margin of 9.46% and a return on equity of 10.50%. Sell-side analysts expect that Eleco Plc will post 6 earnings per share for the current year.

Insider Transactions at Eleco

In other Eleco news, insider Jonathan Albert Hunter bought 20,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of GBX 48 ($0.64) per share, with a total value of £9,600 ($12,762.56). Corporate insiders own 51.92% of the company's stock.

Eleco Company Profile

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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