Eleco (LON:ELCO) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Eleco Plc (LON:ELCO) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 124.72 and traded as high as GBX 137. Eleco shares last traded at GBX 134.10, with a volume of 1,723,906 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 205 price target on shares of Eleco in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 205.

Eleco Stock Performance

The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00. The firm’s 50 day moving average is GBX 125.07 and its 200-day moving average is GBX 125.04. The firm has a market cap of £112.07 million, a price-to-earnings ratio of 83.91 and a beta of 0.74.

About Eleco