ECO Animal Health Group (LON:EAH) Share Price Passes Below 50-Day Moving Average – Should You Sell?

ECO Animal Health Group plc (LON:EAH) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 93.82 and traded as low as GBX 87. ECO Animal Health Group shares last traded at GBX 89, with a volume of 75,676 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “buy” rating on shares of ECO Animal Health Group in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 160.

ECO Animal Health Group Stock Up 1.6%

The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 5.97. The stock has a market cap of £62.05 million, a PE ratio of 21.07 and a beta of 0.00. The business has a 50 day moving average price of GBX 93.54 and a 200 day moving average price of GBX 99.57.

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.