Eleco (LON:ELCO) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCOGet Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 122.04 and traded as high as GBX 130. Eleco shares last traded at GBX 126, with a volume of 91,287 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 205 target price on shares of Eleco in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 205.

View Our Latest Stock Report on ELCO

Eleco Price Performance

The firm has a market capitalization of £106.80 million, a P/E ratio of 79.96 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.23 and a debt-to-equity ratio of 3.78. The firm has a 50 day moving average price of GBX 122.07 and a 200-day moving average price of GBX 126.15.

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