Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – Time to Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares gapped down before the market opened on Friday . The stock had previously closed at $22.45, but opened at $20.89. Element Fleet Management shares last traded at $20.89, with a volume of 7,900 shares trading hands.

Element Fleet Management Stock Performance

The company has a quick ratio of 7.73, a current ratio of 7.73 and a debt-to-equity ratio of 3.55. The firm has a 50-day moving average of $20.77 and a 200 day moving average of $22.34. The stock has a market capitalization of $8.32 billion and a P/E ratio of 28.72.

Element Fleet Management (OTCMKTS:ELEEF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Element Fleet Management had a net margin of 23.33% and a return on equity of 26.81%. The business had revenue of $318.09 million during the quarter, compared to the consensus estimate of $320.07 million.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.