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

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.63, but opened at $19.79. Element Fleet Management shares last traded at $19.98, with a volume of 2,000 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Element Fleet Management to a “buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Element Fleet Management Trading Up 2.5%

The company has a fifty day moving average of $21.23 and a two-hundred day moving average of $23.51. The company has a current ratio of 7.73, a quick ratio of 7.73 and a debt-to-equity ratio of 3.55. The stock has a market capitalization of $8.09 billion and a price-to-earnings ratio of 27.57.

Element Fleet Management (OTCMKTS:ELEEF) last posted its earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Element Fleet Management had a return on equity of 23.87% and a net margin of 23.95%.The firm had revenue of $323.52 million during the quarter, compared to analyst estimates of $311.40 million.

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.