Element Fleet Management (TSE:EFN) Sets New 1-Year Low – Should You Sell?

Element Fleet Management Corp. (TSE:EFN) hit a new 52-week low during trading on Tuesday. The company traded as low as C$22.58 and last traded at C$22.66, with a volume of 2694941 shares trading hands. The stock had previously closed at C$23.85.

Element Fleet Management Price Performance

The company has a market capitalization of C$8.86 billion, a PE ratio of 30.61, a P/E/G ratio of 2.97 and a beta of 0.46. The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03. The stock has a 50 day moving average price of C$27.25 and a two-hundred day moving average price of C$28.76.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 EPS for the quarter. The business had revenue of C$451.94 million during the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%. Equities analysts forecast that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current year.

Insiders Place Their Bets

In other Element Fleet Management news, insider Jacob Eisenberg sold 90,855 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the completion of the sale, the insider owned 64,897 shares of the company’s stock, valued at C$1,704,195.22. The trade was a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo acquired 2,343 shares of the stock in a transaction dated Wednesday, September 16th. The shares were bought at an average cost of C$24.75 per share, for a total transaction of C$57,989.25. Following the acquisition, the insider owned 3,844 shares in the company, valued at C$95,139. The trade was a 156.10% increase in their position. 0.26% of the stock is currently owned by company insiders.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.