Eleco (LON:ELCO) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Eleco Plc (LON:ELCO) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 134.14 and traded as high as GBX 145.17. Eleco shares last traded at GBX 144, with a volume of 152,107 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on Eleco from GBX 176 to GBX 196 and gave the company a “buy” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 196.

Eleco Trading Down 1.4%

The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23. The firm’s fifty day moving average is GBX 134.14 and its two-hundred day moving average is GBX 147.14. The firm has a market capitalization of £118.54 million, a PE ratio of 31.78 and a beta of 0.82.

Eleco Company Profile