Eurocell (LON:ECEL) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Eurocell plc (LON:ECEL) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 126.57 and traded as high as GBX 129. Eurocell shares last traded at GBX 129, with a volume of 97,638 shares changing hands.

Analyst Upgrades and Downgrades

ECEL has been the topic of a number of recent research reports. Berenberg Bank lowered their price target on shares of Eurocell from GBX 270 to GBX 240 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Peel Hunt reissued a “buy” rating and issued a GBX 180 target price on shares of Eurocell in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 210.

Eurocell Trading Down 3.3%

The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 58.43. The company’s 50-day moving average is GBX 126.57 and its 200-day moving average is GBX 132.87. The stock has a market capitalization of £123.61 million, a price-to-earnings ratio of 17.09 and a beta of 0.84.

Insider Buying and Selling at Eurocell

In other news, insider Iraj Amiri purchased 1,672 shares of Eurocell stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of GBX 129 per share, with a total value of £2,156.88. Also, insider Alison Littley acquired 1,904 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of GBX 129 per share, for a total transaction of £2,456.16. Over the last three months, insiders have acquired 10,759 shares of company stock worth $1,387,911. Insiders own 4.45% of the company’s stock.

About Eurocell

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.