Eurocell (LON:ECEL) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Eurocell plc (LON:ECEL)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 117.67 and traded as high as GBX 128.50. Eurocell shares last traded at GBX 125, with a volume of 145,548 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 240 price objective on shares of Eurocell in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 210.

Eurocell Price Performance

The company has a market cap of £122.70 million, a PE ratio of 22.98 and a beta of 0.61. The business’s 50 day moving average price is GBX 117.91 and its 200-day moving average price is GBX 113.79. The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 102.85.

Eurocell (LON:ECEL) last announced its earnings results on Thursday, September 3rd. The company reported GBX 6.10 earnings per share for the quarter. Eurocell had a net margin of 1.35% and a return on equity of 5.51%. As a group, analysts forecast that Eurocell plc will post 19.470852 earnings per share for the current year.

Insider Buying and Selling

In other Eurocell news, insider Derek Mapp bought 16,304 shares of the stock in a transaction dated Thursday, September 3rd. The stock was bought at an average cost of GBX 122 per share, for a total transaction of £19,890.88. Also, insider Iraj Amiri bought 2,641 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of GBX 110 per share, for a total transaction of £2,905.10. Insiders bought a total of 61,943 shares of company stock worth $7,071,952 over the last quarter. Company insiders own 4.66% 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.