Insider Buying: Eleco Plc (LON:ELCO) Insider Purchases 10,000 Shares of Stock

Eleco Plc (LON:ELCO - Get Free Report) insider Mark Castle purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average price of GBX 160 ($2.16) per share, with a total value of £16,000 ($21,645.02).

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

• On Tuesday, June 3rd, Mark Castle purchased 5,000 shares of Eleco stock. The stock was bought at an average price of GBX 159 ($2.15) per share, with a total value of £7,950 ($10,754.87).
• On Wednesday, June 4th, Mark Castle acquired 31,500 shares of Eleco stock. 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).

Eleco Stock Up 0.1%

LON ELCO traded up GBX 0.21 ($0.00) during trading on Friday, reaching GBX 160.71 ($2.17). 26,869 shares of the company's stock were exchanged, compared to its average volume of 74,302. 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 firm has a market capitalization of £133.89 million, a PE ratio of 45.49 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79. The company's fifty day simple moving average is GBX 134.82 and its 200-day simple moving average is GBX 138.11.

Eleco (LON:ELCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported GBX 5.10 ($0.07) EPS for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. Sell-side analysts predict that Eleco Plc will post 6 EPS for the current year.

Analyst Ratings Changes

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

Eleco Company Profile