Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Up – Here’s What Happened

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares gapped up prior to trading on Monday . The stock had previously closed at $24.37, but opened at $26.74. Element Fleet Management shares last traded at $26.75, with a volume of 1,448 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ELEEF shares. National Bankshares reiterated an “outperform” rating on shares of Element Fleet Management in a research note on Monday, October 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Element Fleet Management in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Element Fleet Management Stock Performance

The company has a fifty day simple moving average of $26.24 and a two-hundred day simple moving average of $26.11.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.