Eleco Plc (LON:ELCO - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 149.78 ($2.06) and traded as high as GBX 163 ($2.24). Eleco shares last traded at GBX 162.49 ($2.23), with a volume of 344,134 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group initiated coverage on shares of Eleco in a research note on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.42) price target on the stock.
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Eleco Stock Performance
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 firm has a market cap of £134.70 million, a price-to-earnings ratio of 45.77 and a beta of 0.82. The stock's 50 day moving average is GBX 151.43 and its 200 day moving average is GBX 140.90.
Eleco (LON:ELCO - Get Free Report) last posted 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%. Analysts anticipate that Eleco Plc will post 6 earnings per share for the current year.
Insider Transactions at Eleco
In other Eleco news, insider Mark Castle acquired 31,500 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was purchased at an average price of GBX 162 ($2.23) per share, with a total value of £51,030 ($70,125.05). Also, insider James Pellatt acquired 6,052 shares of the business's stock in a transaction on Thursday, June 19th. The stock was acquired at an average cost of GBX 165 ($2.27) per share, with a total value of £9,985.80 ($13,722.41). Insiders acquired a total of 52,552 shares of company stock valued at $8,496,580 in the last three months. Insiders own 51.92% of the company's stock.
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