Eleco (LON:ELCO) Stock Price Passes Above 50 Day Moving Average of $79.06

Eleco Plc (LON:ELCO – Get Rating)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 79.06 ($0.98) and traded as high as GBX 81.50 ($1.01). Eleco shares last traded at GBX 81.50 ($1.01), with a volume of 4,000 shares changing hands.

Eleco Stock Performance

The firm has a 50 day moving average of GBX 79.28 and a two-hundred day moving average of GBX 74.92. The stock has a market cap of £67.77 million, a P/E ratio of 2,716.67 and a beta of 0.89. The company has a debt-to-equity ratio of 6.51, a quick ratio of 1.23 and a current ratio of 1.37.

Eleco Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 2nd. Investors of record on Thursday, May 18th will be paid a GBX 1.08 ($0.01) dividend. This is a positive change from Eleco’s previous dividend of $0.20. The ex-dividend date is Thursday, May 18th. This represents a yield of 1.37%. Eleco’s payout ratio is currently 3,333.33%.

Eleco Company Profile

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Eleco Plc provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally. The company offers CAD architecture software under the Arcon Evo; Bidcon, a construction estimating software; IconSystem, a cloud-based collaborative building information management software to record, specify, design, and manage building data; Interiorstudio, a room configuration and visualization interior design software; MarketingManager, which combines product information management and digital asset management to create an effective central database; and Materialo, a flooring visualizer software.