Eurocell (LON:ECEL) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Eurocell plc (LON:ECEL) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 170.21 ($2.22) and traded as high as GBX 184 ($2.40). Eurocell shares last traded at GBX 179 ($2.33), with a volume of 1,222,720 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Eurocell from GBX 180 ($2.34) to GBX 200 ($2.60) and gave the stock a “buy” rating in a report on Wednesday, September 4th.

Eurocell Trading Up 0.6 %

The company has a debt-to-equity ratio of 58.43, a quick ratio of 0.87 and a current ratio of 1.59. The firm has a market capitalization of £184.79 million, a PE ratio of 1,627.27 and a beta of 0.84. The stock’s 50-day simple moving average is GBX 170.91 and its 200-day simple moving average is GBX 149.59.

Eurocell Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 12th were given a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 1.52%. The ex-dividend date was Thursday, September 12th. Eurocell’s dividend payout ratio is currently 5,454.55%.

Eurocell Company Profile

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.