ECO Animal Health Group (LON:EAH) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

ECO Animal Health Group plc (LON:EAH) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 94.28 and traded as high as GBX 99.80. ECO Animal Health Group shares last traded at GBX 99.60, with a volume of 10,571 shares trading hands.

ECO Animal Health Group Price Performance

The company’s 50-day simple moving average is GBX 94.42 and its 200 day simple moving average is GBX 96.43. The company has a market capitalization of £65.71 million, a P/E ratio of 31.27 and a beta of 0.72. The company has a quick ratio of 2.14, a current ratio of 3.42 and a debt-to-equity ratio of 5.66.

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

Insiders Place Their Bets

In related news, insider David Hallas bought 22,346 shares of the business’s stock in a transaction on Thursday, July 16th. The shares were bought at an average cost of GBX 89 per share, for a total transaction of £19,887.94. 11.26% of the stock is currently owned by company 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.