ECO Animal Health Group (LON:EAH) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of 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 100.92 and traded as low as GBX 87.48. ECO Animal Health Group shares last traded at GBX 93.76, with a volume of 591,666 shares.

Analyst Upgrades and Downgrades

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

ECO Animal Health Group Trading Up 5.3%

The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 5.97. The company’s fifty day moving average is GBX 100.69 and its 200-day moving average is GBX 98.49. The firm has a market capitalization of £69.57 million, a P/E ratio of 23.62 and a beta of 0.05.

About ECO Animal Health Group

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.