Eleco (LON:ELCO) Stock Price Down 0.4% – Should You Sell?

Shares of Eleco Plc (LON:ELCO – Get Free Report) fell 0.4% during trading on Monday. The company traded as low as GBX 230 and last traded at GBX 231.11. Approximately 1,137,607 shares changed hands during mid-day trading, an increase of 313% from the average daily volume of 275,360 shares. The stock had previously closed at GBX 232.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered Eleco to a “hold” rating and upped their target price for the company from GBX 205 to GBX 235 in a report on Friday, September 11th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 235.

View Our Latest Stock Analysis on Eleco

Eleco Price Performance

The company has a quick ratio of 1.23, a current ratio of 0.97 and a debt-to-equity ratio of 2.54. The company has a market capitalization of £192.93 million, a P/E ratio of 51.36 and a beta of 0.74. The business has a 50 day simple moving average of GBX 216.65 and a 200-day simple moving average of GBX 149.22.

Eleco (LON:ELCO – Get Free Report) last announced 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%. Analysts predict that Eleco Plc will post 6.00 EPS for the current fiscal year.

Eleco Company Profile

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