Eleco Plc (LON:ELCO - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 167.56 ($2.26) and traded as low as GBX 152.50 ($2.06). Eleco shares last traded at GBX 152.50 ($2.06), with a volume of 54,747 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group initiated coverage on shares of Eleco in a report on Thursday, May 8th. They issued a "buy" rating and a GBX 176 price target for the company. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 176.
View Our Latest Analysis on Eleco
Eleco Stock Performance
The stock has a market capitalization of £137.86 million, a price-to-earnings ratio of 4,175.00 and a beta of 0.82. The stock's 50 day moving average is GBX 167.59 and its 200 day moving average is GBX 148.16. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79.
Insider Transactions at Eleco
In other Eleco news, insider James Pellatt acquired 6,052 shares of the stock in a transaction that occurred on Thursday, June 19th. The shares were purchased at an average cost of GBX 165 per share, with a total value of £9,985.80. Also, insider Mark Castle purchased 31,500 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were purchased at an average cost of GBX 162 per share, for a total transaction of £51,030. Over the last three months, insiders purchased 52,552 shares of company stock worth $8,496,580. 14.16% of the stock is owned by corporate insiders.
About Eleco
(
Get Free Report)
Featured Articles
Before you consider Eleco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eleco wasn't on the list.
While Eleco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
