Element Fleet Management (OTCMKTS:ELEEF) Shares Up 1% – Here’s What Happened

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s stock price was up 1% during mid-day trading on Tuesday . The company traded as high as $21.02 and last traded at $21.00. Approximately 62,653 shares changed hands during trading, a decline of 57% from the average daily volume of 144,348 shares. The stock had previously closed at $20.79.

Element Fleet Management Stock Performance

The stock has a market capitalization of $8.24 billion and a PE ratio of 28.26. The firm’s fifty day moving average is $20.34 and its 200-day moving average is $22.93. The company has a current ratio of 7.73, a quick ratio of 7.73 and a debt-to-equity ratio of 3.55.

Element Fleet Management (OTCMKTS:ELEEF) last announced its earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Element Fleet Management had a net margin of 23.95% and a return on equity of 23.87%. The company had revenue of $323.52 million during the quarter, compared to analyst estimates of $311.40 million.

Element Fleet Management Company Profile

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.