Eleco (LON:ELCO) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Eleco Plc (LON:ELCOGet Free Report)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 141.31 and traded as low as GBX 132. Eleco shares last traded at GBX 132, with a volume of 12,784 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Analysis on ELCO

Eleco Stock Performance

The stock’s 50-day moving average price is GBX 141.31 and its 200-day moving average price is GBX 154.82. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79. The company has a market capitalization of £109.26 million, a P/E ratio of 29.33 and a beta of 0.82.

About Eleco

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