Eleco (LON:ELCO) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Eleco Plc (LON:ELCO)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 160.18 and traded as high as GBX 231. Eleco shares last traded at GBX 229.60, with a volume of 1,001,681 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered Eleco to a “hold” rating and boosted their target price 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, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 235.

Eleco Price Performance

The company has a market capitalization of £192.00 million, a PE ratio of 143.75 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 1.23 and a debt-to-equity ratio of 2.54. The business has a fifty day moving average of GBX 162.10 and a 200 day moving average of GBX 135.16.

Eleco (LON:ELCO) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 5 earnings per share (EPS) for the quarter. Eleco had a net margin of 9.47% and a return on equity of 11.31%. Equities research analysts anticipate that Eleco Plc will post 6 EPS for the current year.

Eleco Company Profile