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

ECO Animal Health Group plc (LON:EAH) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.93 and traded as low as GBX 92. ECO Animal Health Group shares last traded at GBX 93.78, with a volume of 65,110 shares trading hands.

Wall Street Analysts Forecast Growth

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 currently has a consensus rating of “Buy” and an average price target of GBX 160.

ECO Animal Health Group Stock Performance

The company has a market cap of £65.07 million, a PE ratio of 22.10 and a beta of 0.05. The company has a debt-to-equity ratio of 5.97, a quick ratio of 2.14 and a current ratio of 3.73. The firm’s 50 day moving average is GBX 96.85 and its 200-day moving average is GBX 98.93.

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.