Eleco (LON:ELCO) Shares Pass Above 50 Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCO) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 120.28 and traded as high as GBX 131.70. Eleco shares last traded at GBX 131.70, with a volume of 10,725 shares changing hands.

Wall Street Analyst Weigh In

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

Eleco Price Performance

The company has a 50 day simple moving average of GBX 120.28 and a 200-day simple moving average of GBX 131.67. The stock has a market cap of £109.62 million, a price-to-earnings ratio of 82.31 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 1.23 and a debt-to-equity ratio of 3.78.

Eleco (LON:ELCO) last released its quarterly earnings results on Tuesday, April 28th. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%.The firm had revenue of GBX 3,882 million for the quarter. Research analysts expect that Eleco Plc will post 6 EPS for the current year.

Eleco Company Profile