Element Fleet Management (OTCMKTS:ELEEF) Shares Up 3.8% – Should You Buy?

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares were up 3.8% on Friday. The stock traded as high as $17.46 and last traded at $17.46. 1,100 shares traded hands during trading, a decline of 98% from the average daily volume of 64,038 shares. The stock had previously closed at $16.82.

Element Fleet Management Price Performance

The firm has a market cap of $6.54 billion and a PE ratio of 22.57. The firm has a fifty day simple moving average of $19.98 and a two-hundred day simple moving average of $20.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 7.47 and a current ratio of 7.47.

Element Fleet Management (OTCMKTS:ELEEF) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $318.09 million for the quarter, compared to analysts’ expectations of $320.07 million. Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a global fleet management company that provides outsourced vehicle management services to corporations, government organizations and other businesses. Its solutions are designed to help customers acquire, operate, maintain and replace vehicles throughout their lifecycles.

The company’s services include vehicle financing and leasing, procurement, maintenance management, fuel and expense administration, accident and safety management, telematics, driver support, compliance services and vehicle remarketing.