Eleco (LON:ELCO) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Eleco Plc (LON:ELCO) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 132.74 and traded as high as GBX 148. Eleco shares last traded at GBX 147, with a volume of 82,797 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on shares of Eleco from GBX 176 to GBX 196 and gave the company a “buy” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 196.

Eleco Price Performance

The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23. The company’s 50-day simple moving average is GBX 132.74 and its 200-day simple moving average is GBX 148.32. The stock has a market capitalization of £120.20 million, a P/E ratio of 32.27 and a beta of 0.82.

Eleco Company Profile