Elis (OTCMKTS:ELSSF) Trading Up 2.1% – Still a Buy?

Shares of Elis SA (OTCMKTS:ELSSF) traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $25.73 and last traded at $25.73. Approximately 5,110 shares were traded during mid-day trading, an increase of 52% from the average session volume of 3,355 shares. The stock had previously closed at $25.20.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of Elis from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Elis Stock Performance

The company has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $28.31.

About Elis

Elis is a France-based provider of textile, hygiene and facility services for businesses and public organizations. The company supplies and maintains textiles and equipment through rental and service contracts, allowing customers to outsource activities such as laundering, maintenance and replenishment.

Its offerings include workwear, protective clothing, linens, uniforms, cleanroom garments, floor mats and restroom hygiene products. Elis also provides beverage and water services, pest control and other workplace and facility-management solutions, serving customers in sectors such as hospitality, healthcare, industry, retail and offices.

Founded in the 19th century, Elis has developed an international operating network serving markets across Europe and Latin America, as well as selected locations in other regions.