Element Fleet Management (OTCMKTS:ELEEF) Trading 9.8% Higher – Time to Buy?

Element Fleet Management Corp. (OTCMKTS:ELEEF) shares rose 9.8% on Tuesday . The stock traded as high as $26.7650 and last traded at $26.7650. Approximately 148 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 68,288 shares. The stock had previously closed at $24.37.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ELEEF. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Element Fleet Management in a report on Thursday, November 13th. National Bankshares reiterated an “outperform” rating on shares of Element Fleet Management in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Element Fleet Management Price Performance

The firm’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $26.09.

Element Fleet Management Company Profile

Element Fleet Management (OTCMKTS:ELEEF) is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.