Element Fleet Management (OTCMKTS:ELEEF) Reaches New 1-Year Low – Here’s Why

Element Fleet Management Corp. (OTCMKTS:ELEEF) hit a new 52-week low during trading on Wednesday. The stock traded as low as $14.34 and last traded at $14.48, with a volume of 800 shares trading hands. The stock had previously closed at $15.83.

Analyst Ratings Changes

Several research analysts have weighed in on ELEEF shares. TD Securities restated a “buy” rating on shares of Element Fleet Management in a research report on Monday, October 19th. Scotiabank reiterated an “outperform” rating on shares of Element Fleet Management in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Element Fleet Management currently has a consensus rating of “Buy”.

Element Fleet Management Trading Down 11.9%

The firm has a market cap of $5.46 billion and a PE ratio of 18.84. 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 business has a 50-day moving average price of $16.80 and a two-hundred day moving average price of $20.87.

Element Fleet Management (OTCMKTS:ELEEF) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $320.71 million for the quarter, compared to analyst estimates of $322.28 million. Element Fleet Management had a net margin of 23.33% and a return on equity of 24.75%.

About Element Fleet Management

Element Fleet Management Corp. is a Canada-based fleet management company that provides services for organizations operating commercial and corporate vehicles. The company helps clients manage the full vehicle lifecycle, from acquisition and financing to maintenance, accident management, driver safety, remarketing and vehicle replacement.

Its offerings include fleet consulting, telematics and data solutions, fuel and maintenance management, leasing, vehicle procurement, and support for fleet electrification.