ECO Animal Health Group (LON:EAH) Stock Passes Above 50-Day Moving Average – What’s Next?

ECO Animal Health Group plc (LON:EAH) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 69.65 ($0.86) and traded as high as GBX 71 ($0.88). ECO Animal Health Group shares last traded at GBX 67 ($0.83), with a volume of 432 shares traded.

Analysts Set New Price Targets

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

ECO Animal Health Group Trading Down 0.8 %

The firm has a market capitalization of £47.73 million, a P/E ratio of 3,522.75 and a beta of -0.05. The business has a 50 day moving average of GBX 69.65 and a 200-day moving average of GBX 94.01. The company has a current ratio of 2.96, a quick ratio of 2.14 and a debt-to-equity ratio of 4.31.

Insider Buying and Selling

In other ECO Animal Health Group news, insider David Hallas acquired 15,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average cost of GBX 74 ($0.92) per share, for a total transaction of £11,470 ($14,197.30). 21.65% of the stock is owned by corporate insiders.

About ECO Animal Health Group

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.