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Eleco (LON:ELCO) Shares Pass Below 50-Day Moving Average - Here's Why

Eleco logo with Computer and Technology background

Eleco Plc (LON:ELCO - Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 128.02 ($1.70) and traded as low as GBX 118.63 ($1.58). Eleco shares last traded at GBX 122.88 ($1.64), with a volume of 47,493 shares traded.

Eleco Stock Performance

The company has a quick ratio of 1.23, a current ratio of 1.01 and a debt-to-equity ratio of 4.79. The company has a fifty day moving average price of GBX 125.89 and a 200 day moving average price of GBX 135.64. The stock has a market cap of £98.52 million, a PE ratio of 33.47 and a beta of 0.82.

Insider Buying and Selling

In other news, insider Jonathan Albert Hunter bought 20,000 shares of the firm's stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of GBX 48 ($0.64) per share, with a total value of £9,600 ($12,782.96). 51.92% of the stock is currently owned by insiders.

Eleco Company Profile

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