Element Fleet Management (OTCMKTS:ELEEF) Sets New 12-Month Low – Here’s What Happened

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $15.40 and last traded at $15.40, with a volume of 4331 shares changing hands. The stock had previously closed at $15.63.

Element Fleet Management Price Performance

The company’s 50 day moving average is $18.86 and its 200 day moving average is $20.46. 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 stock has a market capitalization of $5.94 billion and a price-to-earnings ratio of 20.50.

Element Fleet Management (OTCMKTS:ELEEF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $318.09 million during the quarter, compared to analyst estimates of $320.07 million. Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%.

About Element Fleet Management

Element Fleet Management Corp. is a Canada-based provider of fleet management services for organizations that operate cars, trucks and other commercial vehicles. The company helps businesses manage the full vehicle lifecycle, from acquisition and financing to maintenance, compliance, driver support and vehicle disposal.

Its services include vehicle sourcing and financing, preventive maintenance, accident and repair management, telematics and fleet data, fuel and sustainability programs, and remarketing.