ECO Animal Health Group (LON:EAH) Shares Cross Below 50 Day Moving Average – Here’s What Happened

ECO Animal Health Group plc (LON:EAH) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 106.17 and traded as low as GBX 90. ECO Animal Health Group shares last traded at GBX 95.11, with a volume of 67,063 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “buy” rating on shares of ECO Animal Health Group in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, ECO Animal Health Group currently has an average rating of “Buy” and a consensus price target of GBX 160.

ECO Animal Health Group Price Performance

The firm has a fifty day moving average of GBX 105.96 and a two-hundred day moving average of GBX 95.51. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 5.97. The company has a market capitalization of £69.77 million, a PE ratio of 23.69 and a beta of -0.05.

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.