Eurocell (LON:ECEL) Shares Cross Below 50 Day Moving Average – What’s Next?

Eurocell plc (LON:ECEL)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 179.60 ($2.26) and traded as low as GBX 171 ($2.15). Eurocell shares last traded at GBX 175 ($2.20), with a volume of 138,185 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank upped their price objective on Eurocell from GBX 180 ($2.26) to GBX 200 ($2.51) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Eurocell Price Performance

The firm has a 50 day moving average price of GBX 179.64 and a two-hundred day moving average price of GBX 159.48. The company has a market cap of £179.66 million, a P/E ratio of 1,590.91 and a beta of 0.84. The company has a debt-to-equity ratio of 58.43, a quick ratio of 0.87 and a current ratio of 1.59.

Insider Buying and Selling at Eurocell

In related news, insider Alison Littley purchased 1,402 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of GBX 178 ($2.24) per share, with a total value of £2,495.56 ($3,136.31). Insiders own 2.13% of the company’s stock.

Eurocell Company Profile

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.