Eleco (LON:ELCO) Stock Falls 0.4% – Here’s What Happened

Eleco Plc (LON:ELCO)’s share price fell 0.4% during mid-day trading on Monday. The company traded as low as GBX 230 and last traded at GBX 231.11. Approximately 1,137,607 shares were traded during mid-day trading, an increase of 313% from the average daily volume of 275,360 shares. The stock had previously closed at GBX 232.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut shares of Eleco to a “hold” rating and boosted their price objective for the company from GBX 205 to GBX 235 in a research report on Friday, September 11th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Eleco presently has a consensus rating of “Hold” and an average price target of GBX 235.

Eleco Trading Up 0.4%

The company has a quick ratio of 1.23, a current ratio of 0.97 and a debt-to-equity ratio of 2.54. The firm’s fifty day moving average is GBX 218.57 and its two-hundred day moving average is GBX 149.72. The firm has a market cap of £193.67 million, a P/E ratio of 51.55 and a beta of 0.74.

Eleco (LON:ELCO) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 5 EPS for the quarter. Eleco had a net margin of 9.47% and a return on equity of 11.31%. Analysts predict that Eleco Plc will post 6.00 earnings per share for the current fiscal year.

About Eleco

Eleco plc (AIM: ELCO) is a specialist international provider of world class software and related services. Supporting the built environment through its centres of excellence in the UK & Ireland, Sweden, Germany, Netherlands, and the USA. The Company’s software solutions are trusted by an international customer network and used throughout the building lifecycle from early planning and design stages through to construction, interior fit out, asset management and facilities management to support project management, estimation, Building Information Modelling (BIM) and asset management.