Eleco (LON:ELCO) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Eleco Plc (LON:ELCOGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 126.52 and traded as low as GBX 125. Eleco shares last traded at GBX 130, with a volume of 88,749 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 205 target price on shares of Eleco in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 205.

Get Our Latest Report on ELCO

Eleco Price Performance

The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00. The company has a market cap of £108.52 million, a P/E ratio of 81.25 and a beta of 0.72. The firm has a 50 day moving average price of GBX 122.04 and a two-hundred day moving average price of GBX 126.52.

About Eleco

(Get Free Report)

See Also

Receive News & Ratings for Eleco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eleco and related companies with MarketBeat.com's FREE daily email newsletter.