Eleco (LON:ELCO) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Eleco Plc (LON:ELCO) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 136.74 and traded as high as GBX 145. Eleco shares last traded at GBX 144.18, with a volume of 45,566 shares changing hands.

Analyst Ratings Changes

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

Eleco Trading Up 0.1%

The firm has a market capitalization of £119.51 million, a price-to-earnings ratio of 32.04 and a beta of 0.82. The business’s 50 day moving average price is GBX 136.74 and its 200-day moving average price is GBX 144.81. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23.

Eleco Company Profile