Eleco (LON:ELCO) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Eleco Plc (LON:ELCO) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 120.28 and traded as high as GBX 131.70. Eleco shares last traded at GBX 131.70, with a volume of 10,725 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on Eleco from GBX 176 to GBX 196 and gave the company a “buy” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Eleco presently has a consensus rating of “Buy” and a consensus price target of GBX 196.

Eleco Stock Up 1.9%

The company has a debt-to-equity ratio of 3.78, a current ratio of 1.00 and a quick ratio of 1.23. The firm has a market cap of £110.70 million, a price-to-earnings ratio of 83.13 and a beta of 0.68. The firm has a 50 day moving average price of GBX 120.41 and a 200-day moving average price of GBX 131.68.

Eleco (LON:ELCO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%.The business had revenue of GBX 3,882 million for the quarter. As a group, equities analysts predict that Eleco Plc will post 6 EPS for the current fiscal year.

About Eleco