Eurocell (LON:ECEL) Shares Pass Below Fifty Day Moving Average – Here’s What Happened
by Tristan Rich · The Markets DailyEurocell plc (LON:ECEL – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 121.24 and traded as low as GBX 109. Eurocell shares last traded at GBX 109, with a volume of 97,997 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 240 price target on shares of Eurocell in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 210.
Check Out Our Latest Analysis on ECEL
Eurocell Trading Up 3.7%
The company has a 50 day moving average price of GBX 120.97 and a 200 day moving average price of GBX 124.77. The firm has a market cap of £111.36 million, a price-to-earnings ratio of 12.02 and a beta of 0.54. The company has a debt-to-equity ratio of 99.05, a quick ratio of 0.87 and a current ratio of 1.53.
Insiders Place Their Bets
In other Eurocell news, insider Angela Rushforth purchased 1,184 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of GBX 128 per share, with a total value of £1,515.52. Also, insider Will Truman acquired 24,519 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of GBX 113 per share, for a total transaction of £27,706.47. In the last 90 days, insiders acquired 49,663 shares of company stock worth $5,725,244. Company insiders own 4.52% of the company’s stock.
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. In addition, the company provides polycarbonate, roofing insulation and membrane, lightweight roofing and tiles, flashing, flat roofing, dry verge, roof lanterns and glazing, ladders, and access equipment; external and internal cladding; and sealants, adhesives, and cleaners.