Eleco (LON:ELCO) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCOGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 135.42 and traded as high as GBX 144.22. Eleco shares last traded at GBX 144.22, with a volume of 626,109 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on ELCO

Eleco Trading Down 1.0%

The firm has a market capitalization of £118.57 million, a price-to-earnings ratio of 31.79 and a beta of 0.82. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01. The company has a 50-day moving average price of GBX 135.42 and a 200-day moving average price of GBX 146.04.

About Eleco

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