Electrocomponents plc (ECM.L) (LON:ECM) Share Price Crosses Above 200 Day Moving Average of $799.01

Electrocomponents plc (ECM.L) (LON:ECM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 799.01 ($10.44) and traded as high as GBX 1,008 ($13.17). Electrocomponents plc (ECM.L) shares last traded at GBX 987.50 ($12.90), with a volume of 1,298,607 shares.

Several brokerages have issued reports on ECM. Berenberg Bank lifted their target price on shares of Electrocomponents plc (ECM.L) from GBX 815 ($10.65) to GBX 880 ($11.50) and gave the stock a “buy” rating in a report on Wednesday, November 11th. JPMorgan Chase & Co. raised shares of Electrocomponents plc (ECM.L) to an “overweight” rating and decreased their target price for the stock from GBX 1,103 ($14.41) to GBX 799 ($10.44) in a report on Tuesday, February 9th. Finally, Liberum Capital lifted their target price on shares of Electrocomponents plc (ECM.L) from GBX 940 ($12.28) to GBX 1,050 ($13.72) and gave the stock a “buy” rating in a report on Tuesday, February 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Electrocomponents plc (ECM.L) presently has an average rating of “Hold” and an average price target of GBX 739.36 ($9.66).

The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 47.57. The firm’s fifty day moving average price is GBX 936.43 and its two-hundred day moving average price is GBX 799.01. The stock has a market capitalization of £4.64 billion and a PE ratio of 34.17.

About Electrocomponents plc (ECM.L) (LON:ECM)

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. It provides industrial interconnect and test industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.

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