Element Fleet Management (OTCMKTS:ELEEF) Sets New 12-Month Low – What’s Next?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price reached a new 52-week low on Monday. The company traded as low as $14.85 and last traded at $14.85, with a volume of 204 shares trading hands. The stock had previously closed at $15.38.

Wall Street Analysts Forecast Growth

Separately, TD Securities reaffirmed a “buy” rating on shares of Element Fleet Management in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, Element Fleet Management currently has an average rating of “Buy”.

Element Fleet Management Stock Performance

The company has a market capitalization of $5.91 billion and a PE ratio of 11.23. The company has a 50 day moving average of $17.69 and a two-hundred day moving average of $20.02. The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47.

Element Fleet Management (OTCMKTS:ELEEF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%. The company had revenue of $318.09 million for the quarter, compared to analysts’ expectations of $320.07 million.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a Canada-based fleet management company that provides services for organizations operating commercial and corporate vehicles. The company helps clients manage the full vehicle lifecycle, from acquisition and financing to maintenance, accident management, driver safety, remarketing and vehicle replacement.

Its offerings include fleet consulting, telematics and data solutions, fuel and maintenance management, leasing, vehicle procurement, and support for fleet electrification.