Element Fleet Management (OTCMKTS:ELEEF) Trading Down 0.2% – Time to Sell?

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) dropped 0.2% on Monday . The stock traded as low as $25.81 and last traded at $25.84. Approximately 46,313 shares changed hands during trading, a decline of 30% from the average daily volume of 66,119 shares. The stock had previously closed at $25.89.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ELEEF shares. Raymond James Financial reissued a “strong-buy” rating on shares of Element Fleet Management in a research report on Thursday, November 13th. National Bankshares reaffirmed an “outperform” rating on shares of Element Fleet Management in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Element Fleet Management Stock Performance

The firm’s 50 day simple moving average is $26.24 and its 200-day simple moving average is $25.90.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.