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

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s share price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $14.8960 and last traded at $14.9278, with a volume of 1,043 shares changing hands. The stock had previously closed at $15.03.

Element Fleet Management Trading Down 0.1%

The stock has a market cap of $5.89 billion and a P/E ratio of 20.35. The stock’s 50-day moving average is $18.42 and its two-hundred day moving average is $20.31. The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47.

Element Fleet Management (OTCMKTS:ELEEF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 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 analysts’ expectations of $320.07 million. Element Fleet Management had a return on equity of 24.75% and a net margin of 23.33%.

Element Fleet Management Company Profile

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.