Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Down – Here’s Why

Element Fleet Management Corp. (OTCMKTS:ELEEF) gapped down before the market opened on Friday . The stock had previously closed at $22.45, but opened at $20.89. Element Fleet Management shares last traded at $20.89, with a volume of 7,900 shares changing hands.

Element Fleet Management Trading Up 2.2%

The company’s fifty day simple moving average is $20.74 and its two-hundred day simple moving average is $22.35. The company has a quick ratio of 7.73, a current ratio of 7.73 and a debt-to-equity ratio of 3.55. The company has a market capitalization of $8.18 billion and a price-to-earnings ratio of 28.23.

Element Fleet Management (OTCMKTS:ELEEF) last announced its quarterly 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). Element Fleet Management had a return on equity of 26.81% and a net margin of 23.33%.The firm had revenue of $318.09 million for the quarter, compared to the consensus estimate of $320.07 million.

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.