Shares in diversified financial services company Eclipx Group Ltd (ASX: ECX) opened down today to $3.61 at the time of writing after a share price slide of late from a November 2017 high of $4.32.
Eclipx Group specialises in fleet management and salary packaging across Australia and New Zealand financing more than 100,000 vehicles in Australia alone as of September last year.
Wilsons Wealth Management advisor Peter Moran said Eclipx Group was on track to "deliver solid growth" this year with its interim report due to be handed down on May 3.
Moran said Eclipx was benefiting from the successful integration of Grays eCommerce and if the company can continue reducing costs the "recent price weakness provides a good buying opportunity".
Eclipx Group's AGM presentation on February 22 detailed the company's horizontal and vertical diversification and strong asset growth in the traditional fleet business with a FY17 NPAT of $68.3 million, up 23% from the previous corresponding period.