Eleco (LON:ELCO) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Eleco Plc (LON:ELCO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 135.42 and traded as high as GBX 144.22. Eleco shares last traded at GBX 144.22, with a volume of 626,109 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price target on shares of Eleco from GBX 176 to GBX 196 and gave the company a “buy” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 196.

Eleco Price Performance

The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01. The company has a 50-day moving average price of GBX 135.63 and a 200-day moving average price of GBX 145.84. The firm has a market capitalization of £118.54 million, a P/E ratio of 31.78 and a beta of 0.82.

Eleco Company Profile