Eleco (LON:ELCO) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCOGet Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 145.47 and traded as low as GBX 132.45. Eleco shares last traded at GBX 132.45, with a volume of 24,593 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 176 target price on shares of Eleco in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Eleco presently has a consensus rating of “Buy” and an average price target of GBX 176.

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Eleco Price Performance

The stock has a market capitalization of £109.63 million, a price-to-earnings ratio of 29.43 and a beta of 0.82. The company has a fifty day simple moving average of GBX 145.47 and a 200 day simple moving average of GBX 157.16. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01.

Eleco (LON:ELCOGet Free Report) last issued its quarterly earnings results on Tuesday, September 16th. The company reported GBX 2 earnings per share for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. Equities research analysts forecast that Eleco Plc will post 6 EPS for the current fiscal year.

Eleco Company Profile

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