Eleco Plc (LON:ELCO - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 164.05 ($2.23) and traded as high as GBX 181.25 ($2.46). Eleco shares last traded at GBX 178.25 ($2.42), with a volume of 45,902 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group began coverage on shares of Eleco in a research note on Thursday, May 8th. They set a "buy" rating and a GBX 176 ($2.39) price objective on the stock.
View Our Latest Analysis on ELCO
Eleco Stock Performance
The stock's 50-day simple moving average is GBX 164.05 and its 200 day simple moving average is GBX 143.63. The company has a market capitalization of £145.90 million, a PE ratio of 49.57 and a beta of 0.82. 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 announced 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%. As a group, research analysts expect that Eleco Plc will post 6 earnings per share for the current fiscal year.
Insider Activity at Eleco
In other Eleco news, insider James Pellatt acquired 6,052 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were purchased at an average price of GBX 165 ($2.24) per share, with a total value of £9,985.80 ($13,567.66). Also, insider Mark Castle acquired 31,500 shares of Eleco stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average price of GBX 162 ($2.20) per share, with a total value of £51,030 ($69,334.24). Insiders acquired a total of 52,552 shares of company stock worth $8,496,580 over the last quarter. Company insiders own 51.92% of the company's stock.
Eleco Company Profile
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