Eleco (LON:ELCO) Shares Pass Above 50 Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCO) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 120.28 and traded as high as GBX 131.70. Eleco shares last traded at GBX 131.70, with a volume of 10,725 shares changing hands.

Wall Street Analysts Forecast Growth

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

Eleco Price Performance

The company has a market cap of £109.62 million, a PE ratio of 82.31 and a beta of 0.68. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.00 and a quick ratio of 1.23. The stock has a fifty day moving average price of GBX 120.28 and a 200-day moving average price of GBX 131.67.

Eleco (LON:ELCO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported GBX 6.30 EPS for the quarter. The business had revenue of GBX 3,882 million for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%. On average, equities analysts expect that Eleco Plc will post 6 earnings per share for the current year.

Eleco Company Profile