ECO Animal Health Group (LON:EAH) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of ECO Animal Health Group plc (LON:EAH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 99.49 and traded as low as GBX 96. ECO Animal Health Group shares last traded at GBX 97.35, with a volume of 45,945 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of ECO Animal Health Group in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 160.

ECO Animal Health Group Price Performance

The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 5.97. The business’s 50-day simple moving average is GBX 96.28 and its 200-day simple moving average is GBX 99.49. The stock has a market cap of £65.31 million, a PE ratio of 22.18 and a beta of 0.05.

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.