Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – What’s Next?

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) gapped down prior to trading on Wednesday . The stock had previously closed at $18.52, but opened at $17.8120. Element Fleet Management shares last traded at $17.8120, with a volume of 373 shares traded.

Element Fleet Management Stock Performance

The company’s 50 day simple moving average is $20.49 and its 200 day simple moving average is $21.21. The company has a debt-to-equity ratio of 3.54, a quick ratio of 7.47 and a current ratio of 7.47. The stock has a market cap of $6.97 billion and a PE ratio of 24.07.

Element Fleet Management (OTCMKTS:ELEEF) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $318.09 million during the quarter, compared to analysts’ expectations of $320.07 million. Element Fleet Management had a return on equity of 24.75% and a net margin of 23.33%.

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.