Element Fleet Management (OTCMKTS:ELEEF) Sets New 1-Year Low – Time to Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF – Get Free Report) shares hit a new 52-week low on Monday. The stock traded as low as $14.85 and last traded at $14.85, with a volume of 204 shares. The stock had previously closed at $15.38.

Element Fleet Management Stock Down 3.2%

The stock has a fifty day moving average of $17.91 and a two-hundred day moving average of $20.12. The company has a quick ratio of 7.47, a current ratio of 7.47 and a debt-to-equity ratio of 3.54. The stock has a market cap of $5.77 billion and a price-to-earnings ratio of 19.92.

Element Fleet Management (OTCMKTS:ELEEF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm 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

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Element Fleet Management Corp. is a Canada-based provider of fleet management services for organizations that operate cars, trucks and other commercial vehicles. The company helps businesses manage the full vehicle lifecycle, from acquisition and financing to maintenance, compliance, driver support and vehicle disposal.

Its services include vehicle sourcing and financing, preventive maintenance, accident and repair management, telematics and fleet data, fuel and sustainability programs, and remarketing.

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