Element Fleet Management (OTCMKTS:ELEEF) Sets New 52-Week Low – What’s Next?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $18.72 and last traded at $18.72, with a volume of 7629 shares traded. The stock had previously closed at $18.90.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Element Fleet Management to a “buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Element Fleet Management Stock Down 1.0%

The business’s fifty day moving average price is $21.54 and its 200 day moving average price is $23.80. The company has a market capitalization of $7.42 billion and a P/E ratio of 25.30. The company has a current ratio of 7.73, a quick ratio of 7.73 and a debt-to-equity ratio of 3.55.

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

Element Fleet Management Company Profile

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.