Eleco (LON:ELCO) Trading 70.3% Higher – Here’s Why

Eleco Plc (LON:ELCO)’s share price shot up 70.3% during mid-day trading on Thursday . The company traded as high as GBX 230 and last traded at GBX 229. Approximately 5,641,836 shares traded hands during trading, an increase of 2,620% from the average daily volume of 207,404 shares. The stock had previously closed at GBX 134.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group downgraded Eleco to a “hold” rating and upped their target price for the company from GBX 205 to GBX 235 in a report on Friday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 235.

Eleco Price Performance

The stock’s fifty day moving average price is GBX 130.61 and its 200-day moving average price is GBX 126.04. 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 £191.17 million, a price-to-earnings ratio of 143.12 and a beta of 0.74.

Eleco Company Profile