ECO Animal Health Group (LON:EAH) Share Price Crosses Below 200 Day Moving Average – Here’s Why

ECO Animal Health Group plc (LON:EAH)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.93 and traded as low as GBX 92. ECO Animal Health Group shares last traded at GBX 93.78, with a volume of 65,110 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “buy” rating on shares of ECO Animal Health Group in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 160.

ECO Animal Health Group Stock Down 0.1%

The firm has a market cap of £62.83 million, a price-to-earnings ratio of 21.33 and a beta of 0.05. The stock’s 50 day moving average is GBX 96.85 and its 200 day moving average is GBX 98.93. 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.