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

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $13.69 and last traded at $13.75, with a volume of 700 shares trading hands. The stock had previously closed at $13.8230.

Analysts Set New Price Targets

Several research analysts have recently commented on ELEEF shares. TD Securities reiterated a “buy” rating on shares of Element Fleet Management in a report on Monday, October 19th. Scotiabank restated an “outperform” rating on shares of Element Fleet Management in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, Element Fleet Management has a consensus rating of “Buy”.

Element Fleet Management Stock Down 0.5%

The stock’s fifty day moving average is $16.29 and its 200 day moving average is $20.60. 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 company has a market capitalization of $5.35 billion and a P/E ratio of 18.09.

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

About Element Fleet Management

Element Fleet Management is a fleet management company that helps businesses and public-sector organizations manage vehicle fleets. Its services cover the vehicle lifecycle, from acquisition and financing to ongoing operations and resale. The company offers fleet leasing and administration, maintenance coordination, fuel management, accident support, vehicle remarketing and fleet data services. It also helps clients assess and manage the transition to electric vehicles. Element serves customers in North America, Australia and New Zealand.