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ECO Animal Health Group (LON:EAH) Share Price Passes Below 200-Day Moving Average - Time to Sell?

ECO Animal Health Group logo with Medical background
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Key Points

  • Technical bearish signal: ECO Animal Health's stock slipped below its 200-day moving average (GBX 98.60) during Wednesday trading, trading as low as GBX 90 and last at GBX 93.80 on volume of 68,674 shares.
  • Analyst sentiment remains bullish: Shore Capital reaffirmed a "Buy" rating and the stock holds a consensus "Buy" with a consensus target price of GBX 160.
  • Fundamentals: the company has a market capitalization of £62.85 million, a P/E of 21.34, a beta of 0.05, strong liquidity (quick ratio 2.14, current ratio 3.73) and a debt-to-equity ratio of 5.97.
  • MarketBeat previews top five stocks to own in June.

ECO Animal Health Group plc (LON:EAH - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 98.60 and traded as low as GBX 90. ECO Animal Health Group shares last traded at GBX 93.80, with a volume of 68,674 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed 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, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 160.

View Our Latest Stock Analysis on ECO Animal Health Group

ECO Animal Health Group Stock Up 0.7%

The firm has a market capitalization of £62.85 million, a P/E ratio of 21.34 and a beta of 0.05. The company has a fifty day simple moving average of GBX 97.67 and a 200 day simple moving average of GBX 98.60. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 5.97.

About ECO Animal Health Group

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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