Eurocell (LON:ECEL) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Eurocell plc (LON:ECEL) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 179.60 ($2.26) and traded as low as GBX 171 ($2.15). Eurocell shares last traded at GBX 175 ($2.20), with a volume of 138,185 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price objective on shares of Eurocell from GBX 180 ($2.26) to GBX 200 ($2.51) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Eurocell Price Performance

The stock has a market capitalization of £179.66 million, a P/E ratio of 1,590.91 and a beta of 0.84. The business has a fifty day simple moving average of GBX 179.64 and a 200 day simple moving average of GBX 159.48. The company has a current ratio of 1.59, a quick ratio of 0.87 and a debt-to-equity ratio of 58.43.

Insider Buying and Selling

In other news, insider Alison Littley acquired 1,402 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of GBX 178 ($2.24) per share, for a total transaction of £2,495.56 ($3,136.31). 2.13% of the stock is currently owned by corporate insiders.

About Eurocell

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.