Eleco (LON:ELCO) Stock Passes Below 50-Day Moving Average – Time to Sell?

Eleco Plc (LON:ELCO) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 141.31 and traded as low as GBX 132. Eleco shares last traded at GBX 132, with a volume of 12,784 shares.

Analysts Set New Price Targets

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

Eleco Stock Performance

The firm has a market cap of £109.26 million, a PE ratio of 29.33 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79. The stock’s 50 day moving average price is GBX 141.31 and its 200 day moving average price is GBX 154.92.

Eleco Company Profile