Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Up – Time to Buy?

Element Fleet Management Corp. (OTCMKTS:ELEEF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $17.90, but opened at $18.66. Element Fleet Management shares last traded at $19.44, with a volume of 725 shares changing hands.

Element Fleet Management Stock Down 2.0%

The company has a debt-to-equity ratio of 3.54, a current ratio of 7.47 and a quick ratio of 7.47. The company has a market capitalization of $7.10 billion and a price-to-earnings ratio of 24.53. The firm has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $21.25.

Element Fleet Management (OTCMKTS:ELEEF) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $318.09 million during the quarter, compared to analyst estimates of $320.07 million.

Element Fleet Management Company Profile

Element Fleet Management Corp. is a global fleet management company that provides outsourced vehicle management services to corporations, government organizations and other businesses. Its solutions are designed to help customers acquire, operate, maintain and replace vehicles throughout their lifecycles.

The company’s services include vehicle financing and leasing, procurement, maintenance management, fuel and expense administration, accident and safety management, telematics, driver support, compliance services and vehicle remarketing.