Following the release of its first half-year results, ECX set its sights on refocusing its core fleet leasing and novated business to a more stripped back outline by its simplification program.
Fleet management company Eclipx Group Limited [ASX:ECX] saw a massive surge in this morning, trading 31 cents higher at time of writing since the market opened. This puts Eclipx's share price at $1.17 a piece, marking a 35.84% gain in today’s trading.
As we head into the last week of the Australian federal election, it seems the ASX is following the lead of many Australians who are waiting to see how it all turns out.
Eclipx's share price is trading up 22.81% at time of writing, trading at 66 cents apiece. Earlier today, the fleet management company managed to hit a share price of 70 cents, or a 21% gain from yesterday’s price.
Today, Eclipx’s share price has dropped a massive 55% lower, returning from their trading halt. The company reported that their financial performance had ‘softened’ since the end of January. Their Grays Industrial and Insolvency arm is continuing to underperform, outweighing continued growth in motor vehicle auctions.