Element Fleet Management (OTCMKTS:ELEEF) Reaches New 1-Year Low – Time to Sell?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $14.8960 and last traded at $14.9278, with a volume of 1,043 shares traded. The stock had previously closed at $15.03.

Element Fleet Management Stock Performance

The stock has a market cap of $5.98 billion and a P/E ratio of 11.27. The company has a fifty day moving average of $18.13 and a 200 day moving average of $20.20. The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47.

Element Fleet Management (OTCMKTS:ELEEF) last released its earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%. The business had revenue of $318.09 million for the quarter, compared to analyst estimates of $320.07 million.

About Element Fleet Management

Element Fleet Management Corp. is a Canada-based provider of fleet management services for organizations that operate cars, trucks and other commercial vehicles. The company helps businesses manage the full vehicle lifecycle, from acquisition and financing to maintenance, compliance, driver support and vehicle disposal.

Its services include vehicle sourcing and financing, preventive maintenance, accident and repair management, telematics and fleet data, fuel and sustainability programs, and remarketing.