Element Fleet Management (OTCMKTS:ELEEF) Stock Price Down 1.2% – What’s Next?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price traded down 1.2% during trading on Tuesday . The company traded as low as $24.42 and last traded at $24.58. 988 shares were traded during mid-day trading, a decline of 96% from the average session volume of 26,636 shares. The stock had previously closed at $24.89.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ELEEF. National Bankshares reaffirmed an “outperform” rating on shares of Element Fleet Management in a research note on Monday, October 27th. Raymond James Financial restated a “strong-buy” rating on shares of Element Fleet Management in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, Element Fleet Management has an average rating of “Buy”.

Element Fleet Management Price Performance

The firm’s 50-day moving average price is $25.86 and its two-hundred day moving average price is $26.20.

About Element Fleet Management

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.