Insider Buying: Eleco Plc (LON:ELCO) Insider Buys 31,500 Shares of Stock

Eleco Plc (LON:ELCO - Get Free Report) insider Mark Castle bought 31,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of GBX 162 ($2.19) per share, with a total value of £51,030 ($69,034.09).

Mark Castle also recently made the following trade(s):

• On Tuesday, June 3rd, Mark Castle bought 10,000 shares of Eleco stock. The shares were acquired at an average price of GBX 160 ($2.16) per share, with a total value of £16,000 ($21,645.02).
• On Tuesday, June 3rd, Mark Castle bought 5,000 shares of Eleco stock. The shares were acquired at an average price of GBX 159 ($2.15) per share, with a total value of £7,950 ($10,754.87).

Eleco Stock Performance

LON ELCO traded up GBX 0.21 ($0.00) on Friday, reaching GBX 160.71 ($2.17). 26,869 shares of the company's stock traded hands, compared to its average volume of 74,302. The firm has a market cap of £133.89 million, a price-to-earnings ratio of 45.49 and a beta of 0.82. The stock has a 50 day moving average price of GBX 134.82 and a 200-day moving average price of GBX 138.11. Eleco Plc has a fifty-two week low of GBX 106.36 ($1.44) and a fifty-two week high of GBX 165 ($2.23). 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 issued its quarterly earnings data 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%. Equities research analysts predict that Eleco Plc will post 6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group began coverage on shares of Eleco in a research report on Thursday, May 8th. They set a "buy" rating and a GBX 176 ($2.38) target price for the company.

About Eleco