Eleco (LON:ELCO) Stock Passes Above 50-Day Moving Average – Should You Sell?

Eleco Plc (LON:ELCO) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 122.65 and traded as high as GBX 130. Eleco shares last traded at GBX 126, with a volume of 93,993 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 205 price objective on shares of Eleco in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 205.

Eleco Stock Performance

The stock has a market cap of £111.78 million, a PE ratio of 83.69 and a beta of 0.74. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.00 and a quick ratio of 1.23. The stock has a 50-day simple moving average of GBX 122.88 and a 200-day simple moving average of GBX 125.38.

About Eleco