Eleco (LON:ELCO) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Eleco Plc (LON:ELCO)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 143.59 and traded as low as GBX 132. Eleco shares last traded at GBX 132, with a volume of 61,714 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 176 target price on shares of Eleco in a research report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 176.

Eleco Price Performance

The stock’s 50 day simple moving average is GBX 143.59 and its 200-day simple moving average is GBX 156.15. The firm has a market cap of £109.88 million, a price-to-earnings ratio of 29.50 and a beta of 0.82. The company has a debt-to-equity ratio of 4.79, a quick ratio of 1.23 and a current ratio of 1.01.

Eleco (LON:ELCO) last announced its quarterly earnings data on Tuesday, September 16th. The company reported GBX 2 earnings per share for the quarter. Eleco had a net margin of 9.46% and a return on equity of 10.50%. Equities research analysts anticipate that Eleco Plc will post 6 EPS for the current fiscal year.

About Eleco