Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – Here’s What Happened

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) gapped down before the market opened on Monday . The stock had previously closed at $19.9630, but opened at $18.79. Element Fleet Management shares last traded at $18.90, with a volume of 1,075 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Element Fleet Management to a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Element Fleet Management Price Performance

The stock has a market capitalization of $7.65 billion and a PE ratio of 26.03. The stock’s 50 day moving average is $22.01 and its two-hundred day moving average is $24.13. The company has a debt-to-equity ratio of 20.08, a quick ratio of 6.92 and a current ratio of 6.92.

Element Fleet Management (OTCMKTS:ELEEF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $323.52 million for the quarter, compared to analyst estimates of $311.40 million. Element Fleet Management had a net margin of 23.95% and a return on equity of 25.84%.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.