Element Fleet Management (OTCMKTS:ELEEF) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.11 and traded as low as $21.46. Element Fleet Management shares last traded at $21.64, with a volume of 6,658 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Element Fleet Management to a “buy” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Element Fleet Management presently has an average rating of “Buy”.

Element Fleet Management Stock Up 0.8%

The stock’s fifty day simple moving average is $24.11 and its 200-day simple moving average is $25.42.

Element Fleet Management (OTCMKTS:ELEEF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $313.00 million for the quarter, compared to the consensus estimate of $317.79 million.

About Element Fleet Management

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.