Eleco (LON:ELCO) Trading 70.3% Higher – Still a Buy?

Shares of Eleco Plc (LON:ELCO) rose 70.3% on Thursday . The company traded as high as GBX 230 and last traded at GBX 229. 5,641,836 shares were traded during mid-day trading, an increase of 2,620% from the average daily volume of 207,404 shares. The stock had previously closed at GBX 134.50.

Wall Street Analysts Forecast Growth

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

Eleco Price Performance

The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00. The stock has a market capitalization of £191.17 million, a price-to-earnings ratio of 143.12 and a beta of 0.74. The company has a 50-day moving average of GBX 126.15 and a 200-day moving average of GBX 124.71.

About Eleco