Eurocell (LON:ECEL) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Eurocell plc (LON:ECEL) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 107.97 and traded as high as GBX 108. Eurocell shares last traded at GBX 103.50, with a volume of 27,388 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 240 target price on shares of Eurocell in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Eurocell has an average rating of “Buy” and an average price target of GBX 210.

Eurocell Trading Down 0.5%

The company has a market capitalization of £102.00 million, a price-to-earnings ratio of 11.01 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 1.53 and a debt-to-equity ratio of 99.05. The company’s 50 day simple moving average is GBX 107.97 and its two-hundred day simple moving average is GBX 118.95.

Eurocell (LON:ECEL) last posted its quarterly earnings results on Thursday, April 16th. The company reported GBX 14.60 earnings per share (EPS) for the quarter. The business had revenue of £403.50 million during the quarter. Eurocell had a net margin of 2.38% and a return on equity of 9.23%. As a group, research analysts anticipate that Eurocell plc will post 19.470852 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Derek Mapp purchased 17,589 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of GBX 113 per share, with a total value of £19,875.57. Also, insider Will Truman purchased 43,662 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of GBX 107 per share, with a total value of £46,718.34. In the last ninety days, insiders acquired 105,975 shares of company stock valued at $11,531,358. Corporate insiders own 4.62% of the company’s stock.

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. In addition, the company provides polycarbonate, roofing insulation and membrane, lightweight roofing and tiles, flashing, flat roofing, dry verge, roof lanterns and glazing, ladders, and access equipment; external and internal cladding; and sealants, adhesives, and cleaners.