Eleco (LON:ELCO) Posts Quarterly 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 opened at GBX 230 on Wednesday. The company has a fifty day simple moving average of GBX 134.99 and a 200 day simple moving average of GBX 127.13. Eleco has a 12-month low of GBX 101 and a 12-month high of GBX 230.90. The company has a current ratio of 1.00, a quick ratio of 1.23 and a debt-to-equity ratio of 3.78. The company has a market cap of £192.00 million, a P/E ratio of 143.75 and a beta of 0.74.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group downgraded Eleco to a “hold” rating and increased their price objective for the company from GBX 205 to GBX 235 in a research note on Friday, September 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Eleco has an average rating of “Hold” and an average target price of GBX 235.

Check Out Our Latest Analysis on ELCO

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