Eleco (LON:ELCO) Announces Earnings Results

Eleco (LON:ELCOGet Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX 5 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Eleco had a return on equity of 4.16% and a net margin of 3.39%.

Eleco Stock Performance

LON:ELCO traded down GBX 1 during trading hours on Tuesday, hitting GBX 228. 185,087 shares of the company were exchanged, compared to its average volume of 220,580. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.00 and a quick ratio of 1.23. Eleco has a 52-week low of GBX 101 and a 52-week high of GBX 230.90. The stock has a market capitalization of £190.33 million, a price-to-earnings ratio of 142.50 and a beta of 0.74. The company’s 50 day moving average price is GBX 132.79 and its 200-day moving average price is GBX 126.52.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group downgraded Eleco to a “hold” rating and boosted their target price for the stock from GBX 205 to GBX 235 in a research note on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Eleco presently has a consensus rating of “Hold” and a consensus price target of GBX 235.

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