What’s Eclipx Group Ltd Upside After Today’s Huge Increase?

 What's Eclipx Group Ltd Upside After Today's Huge Increase?

The stock of Eclipx Group Ltd (ASX:ECX) is a huge mover today! The stock increased 1.79% or $0.07 on November 18, hitting $3.97. About 818,990 shares traded hands or 4.47% up from the average. Eclipx Group Ltd (ASX:ECX) has risen 29.32% since April 22, 2016 and is uptrending. It has outperformed by 24.89% the S&P500.
The move comes after 6 months positive chart setup for the $1.06B company. It was reported on Nov, 18 by Barchart.com. We have $5.72 PT which if reached, will make ASX:ECX worth $466.40 million more.

More recent Eclipx Group Ltd (ASX:ECX) news were published by: Fool.com.Au which released: “How the Eclipx Group Ltd share price could go gangbusters” on July 27, 2016. Also Fool.com.Au published the news titled: “Eclipx Group Ltd delivers great profit result: Time to invest?” on November 02, 2016. Fool.com.Au‘s news article titled: “4 shares under $5 for your portfolio” with publication date: June 10, 2016 was also an interesting one.

Eclipx Group Limited is a financial services company, which provides complete fleet management services, corporate and consumer asset backed finance and medium term vehicle rentals to the Australian and New Zealand market. The company has a market cap of $1.06 billion. The Company’s divisions include Australia Commercial, Australia Consumer and New Zealand Commercial. It has a 21.36 P/E ratio. The Australia Commercial segment is engaged in vehicle fleet leasing and management business; commercial equipment finance and leasing, and has a diversified funding structure, which includes multiple funding parties.

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