Eurocell (LON:ECEL) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Eurocell plc (LON:ECEL) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 108.55 and traded as low as GBX 105. Eurocell shares last traded at GBX 107.50, with a volume of 19,730 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 240 price target on shares of Eurocell in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 210.

Eurocell Trading Up 1.9%

The stock has a market capitalization of £107.91 million, a price-to-earnings ratio of 11.65 and a beta of 0.61. The company has a debt-to-equity ratio of 99.05, a quick ratio of 0.87 and a current ratio of 1.53. The firm has a fifty day moving average of GBX 108.42 and a 200-day moving average of GBX 119.49.

Eurocell (LON:ECEL) last announced its quarterly earnings results on Thursday, April 16th. The company reported GBX 14.60 earnings per share (EPS) for the quarter. Eurocell had a return on equity of 9.23% and a net margin of 2.38%.The firm had revenue of £403.50 million during the quarter. As a group, equities analysts predict that Eurocell plc will post 19.470852 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Derek Mapp purchased 17,589 shares of Eurocell stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of GBX 113 per share, with a total value of £19,875.57. Also, insider Will Truman purchased 43,662 shares of Eurocell stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of GBX 107 per share, for a total transaction of £46,718.34. Insiders have bought 105,975 shares of company stock worth $11,531,358 in the last ninety days. Corporate 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.