Eleco (LON:ELCO) Shares Up 70.3% – Here’s Why

Eleco Plc (LON:ELCO – Get Free Report) shares shot up 70.3% during trading on Thursday . The stock traded as high as GBX 230 and last traded at GBX 229. Approximately 5,641,836 shares traded hands during trading, an increase of 2,620% from the average daily volume of 207,404 shares. The stock had previously closed at GBX 134.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 205 price objective on shares of Eleco in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 205.

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Eleco Price Performance

The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00. The stock’s fifty day moving average price is GBX 126.15 and its 200-day moving average price is GBX 124.71. The firm has a market cap of £191.17 million, a PE ratio of 143.12 and a beta of 0.74.

Eleco Company Profile

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