Element Fleet Management (OTCMKTS:ELEEF) Sets New 52-Week Low – Should You Sell?

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) hit a new 52-week low during trading on Wednesday. The stock traded as low as $14.34 and last traded at $14.48, with a volume of 800 shares. The stock had previously closed at $15.83.

Analyst Ratings Changes

A number of research firms recently issued reports on ELEEF. Scotiabank reaffirmed an “outperform” rating on shares of Element Fleet Management in a report on Monday, October 26th. TD Securities reissued a “buy” rating on shares of Element Fleet Management in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Element Fleet Management Stock Performance

The stock has a market cap of $5.34 billion and a price-to-earnings ratio of 18.05. The company has a current ratio of 7.47, a quick ratio of 7.47 and a debt-to-equity ratio of 3.54. The firm has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $20.76.

Element Fleet Management (OTCMKTS:ELEEF) last released its earnings results on Tuesday, November 3rd. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $320.71 million during the quarter, compared to analysts’ expectations of $322.28 million. Element Fleet Management had a return on equity of 27.76% and a net margin of 23.24%.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a Canada-based fleet management company that provides services for organizations operating commercial and corporate vehicles. The company helps clients manage the full vehicle lifecycle, from acquisition and financing to maintenance, accident management, driver safety, remarketing and vehicle replacement.

Its offerings include fleet consulting, telematics and data solutions, fuel and maintenance management, leasing, vehicle procurement, and support for fleet electrification.