Element Fleet Management (OTCMKTS:ELEEF) Trading Down 7.6% – Time to Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares dropped 7.6% during trading on Tuesday . The stock traded as low as $24.56 and last traded at $24.56. Approximately 408 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 42,564 shares. The stock had previously closed at $26.58.

Analyst Ratings Changes

A number of research firms recently issued reports on ELEEF. National Bank Financial reaffirmed an “outperform” rating on shares of Element Fleet Management in a report on Monday, October 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Element Fleet Management in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, Element Fleet Management presently has an average rating of “Buy”.

Element Fleet Management Stock Performance

The business has a 50 day moving average of $25.62 and a 200 day moving average of $26.13.

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.