ECO Animal Health Group (LON:EAH) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of ECO Animal Health Group plc (LON:EAH) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 89.34 ($1.09) and traded as low as GBX 62 ($0.76). ECO Animal Health Group shares last traded at GBX 62.10 ($0.76), with a volume of 37,346 shares traded.

Analyst Upgrades and Downgrades

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

ECO Animal Health Group Stock Down 1.4 %

The firm has a market cap of £42.07 million, a PE ratio of 3,105.00 and a beta of -0.05. The business’s 50 day moving average price is GBX 68.75 and its 200 day moving average price is GBX 89.34. The company has a debt-to-equity ratio of 4.31, a current ratio of 2.96 and a quick ratio of 2.14.

Insider Buying and Selling

In other ECO Animal Health Group news, insider David Hallas purchased 15,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of GBX 74 ($0.91) per share, for a total transaction of £11,470 ($14,034.01). 21.65% of the stock is currently owned by company insiders.

ECO Animal Health Group Company Profile

ECO Animal Health is a world leader in animal health, developing and marketing branded veterinary pharmaceuticals globally, with expertise in antibiotics and vaccines for pigs and poultry. We have a maturing proprietary R&D pipeline.

Headquartered in the UK, with global offices including R&D and manufacturing, we have marketing authorisations in over 70 countries and employ over 200 people worldwide.

Our lead product, Aivlosin® is a proprietary, patented medication which is effective against both respiratory and intestinal diseases in pigs and poultry.