ECO Animal Health Group (LON:EAH) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of ECO Animal Health Group plc (LON:EAH) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 91.59 and traded as high as GBX 93. ECO Animal Health Group shares last traded at GBX 91.58, with a volume of 552,707 shares.

ECO Animal Health Group Stock Up 10.4%

The stock has a market cap of £67.76 million, a P/E ratio of 23.01 and a beta of 0.00. The company has a current ratio of 3.42, a quick ratio of 2.14 and a debt-to-equity ratio of 5.66. The stock’s 50-day moving average is GBX 91.66 and its 200-day moving average is GBX 97.98.

ECO Animal Health Group (LON:EAH) last released its quarterly earnings results on Wednesday, July 15th. The company reported GBX 3.26 EPS for the quarter. ECO Animal Health Group had a net margin of 2.50% and a return on equity of 2.55%.

Insider Activity at ECO Animal Health Group

In related news, insider David Hallas acquired 22,346 shares of the stock in a transaction that occurred on Thursday, July 16th. The shares were acquired at an average price of GBX 89 per share, for a total transaction of £19,887.94. 11.17% of the stock is owned by corporate insiders.

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.