Element Fleet Management (OTCMKTS:ELEEF) Stock Price Up 3.8% – Still a Buy?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price was up 3.8% on Friday. The company traded as high as $17.46 and last traded at $17.46. 1,100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 64,038 shares. The stock had previously closed at $16.82.

Element Fleet Management Stock Performance

The business has a 50-day moving average price of $19.98 and a 200-day moving average price of $20.90. The firm has a market capitalization of $6.54 billion and a price-to-earnings ratio of 22.57. The company has a quick ratio of 7.47, a current ratio of 7.47 and a debt-to-equity ratio of 3.54.

Element Fleet Management (OTCMKTS:ELEEF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%. The company had revenue of $318.09 million for the quarter, compared to analyst estimates of $320.07 million.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a global fleet management company that provides outsourced vehicle management services to corporations, government organizations and other businesses. Its solutions are designed to help customers acquire, operate, maintain and replace vehicles throughout their lifecycles.

The company’s services include vehicle financing and leasing, procurement, maintenance management, fuel and expense administration, accident and safety management, telematics, driver support, compliance services and vehicle remarketing.