Eleco (LON:ELCO) Announces Earnings Results

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

Eleco Stock Up 0.4%

Shares of LON:ELCO traded up GBX 1 during midday trading on Tuesday, reaching GBX 230. 234,987 shares of the company were exchanged, compared to its average volume of 220,861. Eleco has a fifty-two week low of GBX 101 and a fifty-two week high of GBX 230.90. The company has a quick ratio of 1.23, a current ratio of 1.00 and a debt-to-equity ratio of 3.78. The stock has a fifty day simple moving average of GBX 132.79 and a two-hundred day simple moving average of GBX 126.52. The firm has a market cap of £192.00 million, a PE ratio of 143.75 and a beta of 0.74.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered Eleco to a “hold” rating and lifted their target price for the stock from GBX 205 to GBX 235 in a report on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 235.

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