Eleco (LON:ELCO) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Eleco Plc (LON:ELCO)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 134.24 ($1.75) and traded as high as GBX 137.96 ($1.80). Eleco shares last traded at GBX 136.04 ($1.77), with a volume of 24,152 shares changing hands.

Eleco Stock Down 0.7 %

The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23. The company has a market capitalization of £112.82 million, a price-to-earnings ratio of 3,401.00 and a beta of 0.82. The firm has a 50-day moving average price of GBX 134.24 and a two-hundred day moving average price of GBX 122.34.

Eleco Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 19th were given a dividend of GBX 0.30 ($0.00) per share. This represents a yield of 0.22%. The ex-dividend date was Thursday, September 19th. Eleco’s dividend payout ratio (DPR) is currently 2,500.00%.

Eleco Company Profile

Eleco Plc provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally. The company offers Bidcon, a construction estimating software; IconSystem, a cloud-based collaborative information management software to record, specify, design, and manage building data; Interiorstudio, a room configuration and visualization interior design software; MarketingManager, which combines product information management and digital asset management to create an effective central database; and Materialo, a flooring visualiser software.