Eleco (LON:ELCO) Announces Earnings Results

Eleco (LON:ELCOGet Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 5 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Eleco had a net margin of 3.39% and a return on equity of 4.16%.

Eleco Trading Down 0.4%

ELCO stock opened at GBX 228 on Tuesday. The firm’s fifty day simple moving average is GBX 132.79 and its two-hundred day simple moving average is GBX 126.52. The stock has a market capitalization of £190.33 million, a price-to-earnings ratio of 142.50 and a beta of 0.74. The company has a quick ratio of 1.23, a current ratio of 1.00 and a debt-to-equity ratio of 3.78. Eleco has a twelve month low of GBX 101 and a twelve month high of GBX 230.90.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group downgraded shares of Eleco to a “hold” rating and boosted their target price for the stock 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 currently has an average rating of “Hold” and an average price target of GBX 235.

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