ECO Animal Health Group (LON:EAH) Stock Crosses Above Fifty Day Moving Average – Here’s Why

ECO Animal Health Group plc (LON:EAH)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 69.98 ($0.88) and traded as high as GBX 74.40 ($0.93). ECO Animal Health Group shares last traded at GBX 74.40 ($0.93), with a volume of 3,437 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of ECO Animal Health Group in a report on Friday, November 29th.

ECO Animal Health Group Trading Up 5.6 %

The company has a current ratio of 2.96, a quick ratio of 2.14 and a debt-to-equity ratio of 4.31. The stock has a market cap of £50.81 million, a P/E ratio of 3,750.00 and a beta of -0.05. The business’s fifty day simple moving average is GBX 69.98 and its 200 day simple moving average is GBX 96.45.

Insider Activity

In other news, insider David Hallas bought 15,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of GBX 74 ($0.93) per share, for a total transaction of £11,470 ($14,378.84). 21.65% of the stock is owned by insiders.

ECO Animal Health Group Company Profile

ECO Animal Health Group plc, together with its subsidiaries, develops, registers, and markets pharmaceutical products for animals worldwide. The company provides Aivlosin, a macrolide antibiotic for the treatment of enteric and respiratory diseases in pigs and poultry. It also offers generic drugs, such as Ecomectin, Ecoheart, Ecotraz, and Ecomintic, which are endectocides and other antiparasitics for the treatment and prevention of parasites, such as worms, ticks, mange, and lices in cattle, sheep, pigs, horses, and dogs; and Chlortetracycline and Oxytetracycline for treatment of bacterial infections in pigs, poultry, and cattle.