Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Up – Here’s What Happened

Shares of Element Fleet Management Corp. (OTCMKTS:ELEEF) gapped up prior to trading on Tuesday . The stock had previously closed at $17.90, but opened at $18.66. Element Fleet Management shares last traded at $19.44, with a volume of 725 shares.

Element Fleet Management Stock Performance

The company has a market capitalization of $6.94 billion and a PE ratio of 23.97. The business’s 50-day moving average is $20.43 and its 200-day moving average is $21.16. The company has a debt-to-equity ratio of 3.54, a quick ratio of 7.47 and a current ratio of 7.47.

Element Fleet Management (OTCMKTS:ELEEF) last announced its quarterly earnings data 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 24.75% and a net margin of 23.33%.The business 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 global fleet management company that provides outsourced vehicle management services to corporations, government organizations and other businesses. Its solutions are designed to help customers acquire, operate, maintain and replace vehicles throughout their lifecycles.

The company’s services include vehicle financing and leasing, procurement, maintenance management, fuel and expense administration, accident and safety management, telematics, driver support, compliance services and vehicle remarketing.