Element Fleet Management (OTCMKTS:ELEEF) Sets New 52-Week Low – Should You Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares reached a new 52-week low during trading on Wednesday. The company traded as low as $13.69 and last traded at $13.75, with a volume of 700 shares changing hands. The stock had previously closed at $13.8230.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ELEEF shares. TD Securities reiterated a “buy” rating on shares of Element Fleet Management in a report on Monday, October 19th. Scotiabank reiterated an “outperform” rating on shares of Element Fleet Management in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Element Fleet Management Price Performance

The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47. The firm has a market cap of $5.35 billion and a PE ratio of 18.09. The firm has a 50-day simple moving average of $16.29 and a 200 day simple moving average of $20.60.

Element Fleet Management (OTCMKTS:ELEEF) last announced its earnings results on Tuesday, November 3rd. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $320.71 million for the quarter, compared to analysts’ expectations of $322.28 million. Element Fleet Management had a net margin of 23.24% and a return on equity of 27.76%.

Element Fleet Management Company Profile

Element Fleet Management is a fleet management company that helps businesses and public-sector organizations manage vehicle fleets. Its services cover the vehicle lifecycle, from acquisition and financing to ongoing operations and resale. The company offers fleet leasing and administration, maintenance coordination, fuel management, accident support, vehicle remarketing and fleet data services. It also helps clients assess and manage the transition to electric vehicles. Element serves customers in North America, Australia and New Zealand.