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 Wednesday . The stock traded as low as $18.72 and last traded at $18.72, with a volume of 7629 shares. The stock had previously closed at $18.90.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Element Fleet Management to a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 7.73 and a quick ratio of 7.73. The firm has a 50 day simple moving average of $21.42 and a 200-day simple moving average of $23.70. The stock has a market capitalization of $7.38 billion and a price-to-earnings ratio of 25.18.

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

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.