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

ECO Animal Health Group plc (LON:EAH)’s stock price passed 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.

Wall Street Analysts Forecast Growth

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

ECO Animal Health Group Price Performance

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

Insider Transactions at ECO Animal Health Group

In other news, insider David Hallas acquired 15,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was bought at an average price of GBX 74 ($0.91) per share, with a total value of £11,470 ($14,034.01). Company insiders own 21.65% of the company’s stock.

About ECO Animal Health Group

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.