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

Eleco Plc (LON:ELCO) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 136.74 and traded as high as GBX 145. Eleco shares last traded at GBX 144.18, with a volume of 45,566 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on Eleco from GBX 176 to GBX 196 and gave the stock a “buy” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 196.

Eleco Trading Up 0.1%

The company has a market capitalization of £119.51 million, a price-to-earnings ratio of 32.04 and a beta of 0.82. The company has a 50-day moving average price of GBX 136.74 and a 200-day moving average price of GBX 144.95. The company has a quick ratio of 1.23, a current ratio of 1.01 and a debt-to-equity ratio of 4.79.

Eleco Company Profile