Eleco Plc (LON:ELCO - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 164.55 ($2.21) and traded as low as GBX 147.60 ($1.99). Eleco shares last traded at GBX 150 ($2.02), with a volume of 17,077 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 176 price objective on shares of Eleco in a report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 176.
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Eleco Price Performance
The firm has a market capitalization of £123.98 million, a PE ratio of 3,750.00 and a beta of 0.82. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23. The firm has a 50-day simple moving average of GBX 164.55 and a 200-day simple moving average of GBX 150.12.
Eleco (LON:ELCO - Get Free Report) last announced its earnings results on Tuesday, September 16th. The company reported GBX 2 earnings per share (EPS) for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. As a group, equities analysts forecast that Eleco Plc will post 6 earnings per share for the current year.
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