Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – Here’s Why

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEFGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.52, but opened at $17.8120. Element Fleet Management shares last traded at $17.8120, with a volume of 373 shares.

Element Fleet Management Trading Down 1.3%

The firm has a fifty day moving average of $20.49 and a two-hundred day moving average of $21.21. The company has a market cap of $6.97 billion and a PE ratio of 24.07. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54.

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 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%.

About Element Fleet Management

(Get Free Report)

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.

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