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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

Eleco Plc (LON:ELCO - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 131.83 ($1.79) and traded as high as GBX 165 ($2.24). Eleco shares last traded at GBX 164.50 ($2.23), with a volume of 224,112 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group started coverage on shares of Eleco in a report on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.39) target price on the stock.

Check Out Our Latest Report on Eleco

Eleco Price Performance

The company's fifty day moving average is GBX 132.51 and its 200 day moving average is GBX 137.65. The company has a quick ratio of 1.23, a current ratio of 1.01 and a debt-to-equity ratio of 4.79. The stock has a market cap of £132.09 million, a PE ratio of 44.88 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) EPS for the quarter. Eleco had a net margin of 9.46% and a return on equity of 10.50%. As a group, sell-side analysts anticipate that Eleco Plc will post 6 earnings per share for the current fiscal year.

Eleco Company Profile

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