Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – What’s Next?

Element Fleet Management Corp. (OTCMKTS:ELEEFGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $22.45, but opened at $20.89. Element Fleet Management shares last traded at $20.89, with a volume of 7,900 shares trading hands.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 3.55, a quick ratio of 7.73 and a current ratio of 7.73. The company has a 50-day moving average price of $20.74 and a 200-day moving average price of $22.35. The firm has a market capitalization of $8.18 billion and a P/E ratio of 28.23.

Element Fleet Management (OTCMKTS:ELEEFGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Element Fleet Management had a net margin of 23.33% and a return on equity of 26.81%. The company had revenue of $318.09 million during the quarter, compared to the consensus estimate of $320.07 million.

About Element Fleet Management

(Get Free Report)

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.

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