Eleco (LON:ELCO) Announces Earnings Results

Eleco (LON:ELCO – Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 5 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Eleco had a net margin of 9.47% and a return on equity of 11.31%.

Eleco Price Performance

Shares of ELCO traded up GBX 0.50 on Friday, reaching GBX 230. The stock had a trading volume of 900,111 shares, compared to its average volume of 230,121. Eleco has a twelve month low of GBX 101 and a twelve month high of GBX 231. The firm has a market capitalization of £192.00 million, a PE ratio of 143.75 and a beta of 0.74. The firm has a 50-day moving average of GBX 141.73 and a 200 day moving average of GBX 129.04. The company has a quick ratio of 1.23, a current ratio of 0.97 and a debt-to-equity ratio of 2.54.

Analysts Set New Price Targets

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

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