Eleco Plc (LON:ELCO - Get Free Report)'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 136.80 ($1.86) and traded as high as GBX 169.50 ($2.30). Eleco shares last traded at GBX 169.50 ($2.30), with a volume of 4,916 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group assumed coverage on Eleco in a report on Thursday, May 8th. They issued a "buy" rating and a GBX 176 ($2.39) price target on the stock.
Check Out Our Latest Research Report on Eleco
Eleco Stock Performance
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 £139.96 million, a P/E ratio of 47.55 and a beta of 0.82. The stock has a fifty day simple moving average of GBX 140.19 and a 200-day simple moving average of GBX 139.13.
Eleco (LON:ELCO - Get Free Report) last issued its 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%. Equities analysts expect that Eleco Plc will post 6 earnings per share for the current fiscal year.
Insider Transactions at Eleco
In other news, insider Mark Castle bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average price of GBX 159 ($2.16) per share, with a total value of £7,950 ($10,794.30). Insiders have acquired a total of 46,500 shares of company stock valued at $7,498,000 over the last 90 days. 51.92% of the stock is owned by company insiders.
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