ECO Animal Health Group (LON:EAH) Stock Passes Below 50 Day Moving Average – Here’s Why

ECO Animal Health Group plc (LON:EAH) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 96.22 and traded as low as GBX 96.02. ECO Animal Health Group shares last traded at GBX 96.02, with a volume of 18,240 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “buy” rating on shares of ECO Animal Health Group in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, ECO Animal Health Group currently has a consensus rating of “Buy” and a consensus price target of GBX 160.

ECO Animal Health Group Stock Performance

The stock has a market cap of £64.42 million, a P/E ratio of 21.87 and a beta of 0.01. The business has a 50 day moving average price of GBX 96.22 and a 200 day moving average price of GBX 100.32. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 5.97.

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.