Eleco (LON:ELCO) Announces Quarterly Earnings Results

Eleco (LON:ELCOGet Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 5 earnings per share for the quarter, Digital Look Earnings reports. Eleco had a net margin of 9.47% and a return on equity of 11.31%.

Eleco Stock Down 0.1%

ELCO opened at GBX 229.33 on Thursday. The stock’s 50 day moving average price is GBX 137.19 and its 200 day moving average price is GBX 127.73. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.97 and a quick ratio of 1.23. The stock has a market cap of £191.44 million, a P/E ratio of 143.33 and a beta of 0.74. Eleco has a 12 month low of GBX 101 and a 12 month high of GBX 231.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut Eleco to a “hold” rating and raised their target price for the company from GBX 205 to GBX 235 in a research note on Friday, September 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 235.

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