ECO Animal Health Group (LON:EAH) Share Price Passes Above 50-Day Moving Average – Here’s Why

ECO Animal Health Group plc (LON:EAH)’s share price passed 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 trading hands.

Analysts Set New Price Targets

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 Performance

The stock’s fifty day simple moving average is GBX 69.65 and its two-hundred day simple moving average is GBX 94.01. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.14 and a current ratio of 2.96. The company has a market cap of £47.73 million, a price-to-earnings ratio of 3,522.75 and a beta of -0.05.

Insiders Place Their Bets

In other ECO Animal Health Group news, insider David Hallas purchased 15,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were bought at an average cost of GBX 74 ($0.92) per share, with a total value of £11,470 ($14,197.30). 21.65% of the stock is currently owned by company 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.