Element Fleet Management (OTCMKTS:ELEEF) Trading Up 1.7% – Time to Buy?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price traded up 1.7% on Tuesday . The stock traded as high as $22.82 and last traded at $22.82. 12,093 shares traded hands during trading, a decline of 88% from the average session volume of 105,006 shares. The stock had previously closed at $22.43.

Element Fleet Management Trading Down 2.2%

The company has a market cap of $8.78 billion and a P/E ratio of 30.11. 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 business has a 50 day moving average price of $20.51 and a 200-day moving average price of $22.47.

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

About Element Fleet Management

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.