ECO Animal Health Group (LON:EAH) Shares Cross Above 50 Day Moving Average – Here’s Why

ECO Animal Health Group plc (LON:EAH) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 59.93 ($0.78) and traded as high as GBX 60 ($0.78). ECO Animal Health Group shares last traded at GBX 55 ($0.71), with a volume of 26,905 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of ECO Animal Health Group in a research note on Monday, March 24th.

ECO Animal Health Group Stock Performance

The company has a market capitalization of £35.98 million, a price-to-earnings ratio of 34.32 and a beta of -0.05. The firm has a fifty day simple moving average of GBX 59.58 and a 200 day simple moving average of GBX 69.26. The company has a debt-to-equity ratio of 4.81, a current ratio of 2.96 and a quick ratio of 2.14.

ECO Animal Health Group Company Profile

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.