Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – Here’s What Happened

Element Fleet Management Corp. (OTCMKTS:ELEEF) gapped down prior to trading on Monday . The stock had previously closed at $19.9630, but opened at $18.79. Element Fleet Management shares last traded at $18.90, with a volume of 1,075 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Element Fleet Management to a “buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Element Fleet Management Stock Performance

The company has a debt-to-equity ratio of 20.08, a current ratio of 6.92 and a quick ratio of 6.92. The company has a market capitalization of $7.65 billion and a PE ratio of 26.03. The firm’s fifty day simple moving average is $22.01 and its 200 day simple moving average is $24.13.

Element Fleet Management (OTCMKTS:ELEEF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Element Fleet Management had a net margin of 23.95% and a return on equity of 25.84%. The company had revenue of $323.52 million for the quarter, compared to analyst estimates of $311.40 million.

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.