Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – Here’s Why

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares gapped down before the market opened on Friday . The stock had previously closed at $26.75, but opened at $24.6318. Element Fleet Management shares last traded at $24.6318, with a volume of 515 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ELEEF shares. National Bankshares restated an “outperform” rating on shares of Element Fleet Management in a research note on Monday, October 27th. Raymond James Financial reissued a “strong-buy” rating on shares of Element Fleet Management in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Element Fleet Management Trading Down 8.9%

The company has a 50 day moving average price of $26.23 and a 200 day moving average price of $26.05.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.