Element Fleet Management (TSE:EFN) Hits New 52-Week Low – What’s Next?

Element Fleet Management Corp. (TSE:EFN)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$21.80 and last traded at C$21.81, with a volume of 184225 shares traded. The stock had previously closed at C$22.32.

Element Fleet Management Price Performance

The stock has a market capitalization of C$8.55 billion, a PE ratio of 29.53, a PEG ratio of 2.97 and a beta of 0.60. The company’s 50 day simple moving average is C$26.73 and its 200 day simple moving average is C$28.58. The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN) last released its earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The business had revenue of C$451.94 million for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. On average, equities analysts anticipate that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Insider Activity

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the sale, the insider owned 64,897 shares in the company, valued at C$1,704,195.22. This represents a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo purchased 2,343 shares of the stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average price of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the acquisition, the insider directly owned 3,844 shares in the company, valued at approximately C$95,139. The trade was a 156.10% increase in their position. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.