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

Shares of Eurocell plc (LON:ECEL) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 109.27 and traded as low as GBX 100.50. Eurocell shares last traded at GBX 105.50, with a volume of 93,761 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 240 price target 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 210.

Eurocell Stock Down 1.0%

The company has a debt-to-equity ratio of 99.05, a quick ratio of 0.87 and a current ratio of 1.53. The firm has a market capitalization of £102.49 million, a PE ratio of 11.06 and a beta of 0.61. The company’s 50 day simple moving average is GBX 108.88 and its 200-day simple moving average is GBX 120.16.

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

Insider Activity at Eurocell

In related news, insider Derek Mapp acquired 17,589 shares of the stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of GBX 113 per share, for a total transaction of £19,875.57. Also, insider Will Truman acquired 20,205 shares of the stock in a transaction dated Monday, May 18th. The shares were bought at an average price of GBX 104 per share, for a total transaction of £21,013.20. Insiders acquired a total of 105,975 shares of company stock worth $11,531,358 over the last quarter. Corporate insiders own 4.52% 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.