Eleco (LON:ELCO) Shares Pass Below 50 Day Moving Average – What’s Next?

Eleco Plc (LON:ELCO) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 122.05 and traded as low as GBX 120. Eleco shares last traded at GBX 120.68, with a volume of 3,198,497 shares trading hands.

Analyst Upgrades and Downgrades

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

Eleco Price Performance

The stock’s 50-day moving average price is GBX 122.05 and its 200 day moving average price is GBX 133.34. The firm has a market cap of £105.29 million, a price-to-earnings ratio of 79.06 and a beta of 0.68. The company has a quick ratio of 1.23, a current ratio of 0.90 and a debt-to-equity ratio of 4.30.

Eleco (LON:ELCO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported GBX 6.30 EPS for the quarter. The business had revenue of GBX 3,882 million during the quarter. Eleco had a net margin of 10.74% and a return on equity of 11.98%. Equities research analysts predict that Eleco Plc will post 6 earnings per share for the current year.

About Eleco