Element Fleet Management (OTCMKTS:ELEEF) Sets New 52-Week Low – Here’s What Happened

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) hit a new 52-week low on Monday. The stock traded as low as $14.85 and last traded at $14.85, with a volume of 204 shares. The stock had previously closed at $15.38.

Element Fleet Management Price Performance

The company’s 50-day moving average is $17.91 and its 200-day moving average is $20.12. 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 firm has a market capitalization of $5.77 billion and a price-to-earnings ratio of 19.92.

Element Fleet Management (OTCMKTS:ELEEF) last released 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 company had revenue of $318.09 million during the quarter, compared to analysts’ expectations of $320.07 million.

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.