Eleco (LON:ELCO) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Eleco Plc (LON:ELCOGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 125.42 ($1.68) and traded as low as GBX 118.28 ($1.59). Eleco shares last traded at GBX 124.50 ($1.67), with a volume of 72,580 shares.

Eleco Stock Up 2.9 %

The firm has a 50 day moving average of GBX 125.02 and a 200-day moving average of GBX 135.37. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23. The stock has a market capitalization of £103.72 million, a P/E ratio of 35.24 and a beta of 0.82.

Insider Buying and Selling

In related news, insider Jonathan Albert Hunter acquired 20,000 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of GBX 48 ($0.64) per share, for a total transaction of £9,600 ($12,875.54). 51.92% of the stock is owned by company insiders.

About Eleco

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