Eleco (LON:ELCO) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Eleco shares fell below their 50-day moving average (GBX 128.95), trading as low as GBX 115 and last at GBX 116 on volume of 87,837 shares.
• Canaccord Genuity raised its price target from GBX 176 to GBX 196 and gave Eleco a Buy rating; MarketBeat's consensus is also a Buy with a GBX 196 target.
• The company has a market cap of £98.21m and a P/E of 26.22, but shows high leverage (debt-to-equity 4.30) and modest liquidity (current ratio 0.90, quick ratio 1.23), signaling mixed fundamentals.

Eleco Plc (LON:ELCO - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 128.95 and traded as low as GBX 115. Eleco shares last traded at GBX 116, with a volume of 87,837 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on shares of Eleco from GBX 176 to GBX 196 and gave the stock a "buy" rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 196.

Eleco Trading Up 2.2%

The firm's 50 day moving average price is GBX 128.95 and its 200-day moving average price is GBX 136.46. The stock has a market cap of £98.21 million, a P/E ratio of 26.22 and a beta of 0.66. The company has a debt-to-equity ratio of 4.30, a current ratio of 0.90 and a quick ratio of 1.23.

About Eleco

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