Eurocell (LON:ECEL) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Eurocell plc (LON:ECEL) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 109.27 and traded as low as GBX 100.50. Eurocell shares last traded at GBX 105.50, with a volume of 93,761 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 240 price objective on shares of Eurocell in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 210.

Eurocell Stock Performance

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’s 50 day moving average is GBX 109.27 and its 200-day moving average is GBX 120.44. The firm has a market cap of £106.43 million, a price-to-earnings ratio of 11.49 and a beta of 0.61.

Eurocell (LON:ECEL) last released its quarterly earnings data on Thursday, April 16th. The company reported GBX 14.60 earnings per share (EPS) for the quarter. Eurocell had a net margin of 2.38% and a return on equity of 9.23%. The business had revenue of £403.50 million during the quarter. Sell-side analysts anticipate that Eurocell plc will post 19.470852 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Derek Mapp bought 17,589 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of GBX 113 per share, with a total value of £19,875.57. Also, insider Will Truman bought 43,662 shares of the business’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of GBX 107 per share, with a total value of £46,718.34. In the last three months, insiders have acquired 105,975 shares of company stock valued at $11,531,358. 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.