Element Fleet Management (OTCMKTS:ELEEF) Reaches New 12-Month Low – What’s Next?

Element Fleet Management Corp. (OTCMKTS:ELEEF) reached a new 52-week low during trading on Tuesday. The stock traded as low as $15.40 and last traded at $15.40, with a volume of 4331 shares changing hands. The stock had previously closed at $15.63.

Element Fleet Management Trading Down 1.5%

The company has a quick ratio of 7.47, a current ratio of 7.47 and a debt-to-equity ratio of 3.54. The firm’s 50 day moving average is $19.15 and its two-hundred day moving average is $20.56. The stock has a market cap of $6.02 billion and a price-to-earnings ratio of 20.80.

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

Element Fleet Management Company Profile

Element Fleet Management Corp. is a Canada-based provider of fleet management services for organizations that operate cars, trucks and other commercial vehicles. The company helps businesses manage the full vehicle lifecycle, from acquisition and financing to maintenance, compliance, driver support and vehicle disposal.

Its services include vehicle sourcing and financing, preventive maintenance, accident and repair management, telematics and fleet data, fuel and sustainability programs, and remarketing.