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

Eurocell plc (LON:ECELGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Analyst Ratings Changes

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

View Our Latest Stock Report on ECEL

Eurocell Stock Up 2.4%

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

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

Insiders Place Their Bets

In related news, insider Will Truman bought 20,205 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of GBX 104 per share, with a total value of £21,013.20. Also, insider Derek Mapp bought 17,589 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of GBX 113 per share, with a total value of £19,875.57. Insiders have acquired a total of 105,975 shares of company stock valued at $11,531,358 in the last three months. Company insiders own 4.52% of the company’s stock.

Eurocell Company Profile

(Get Free Report)

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.

Further Reading

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