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

Eurocell plc (LON:ECEL)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 161.09 ($2.09) and traded as high as GBX 180 ($2.34). Eurocell shares last traded at GBX 176 ($2.29), with a volume of 121,946 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on shares of Eurocell from GBX 180 ($2.34) to GBX 200 ($2.60) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Eurocell Stock Performance

The company has a debt-to-equity ratio of 58.43, a current ratio of 1.59 and a quick ratio of 0.87. The company’s fifty day simple moving average is GBX 162.31 and its two-hundred day simple moving average is GBX 145.68. The stock has a market cap of £184.79 million, a price-to-earnings ratio of 1,636.36 and a beta of 0.84.

Eurocell Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were issued a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 1.52%. Eurocell’s payout ratio is 5,454.55%.

Insiders Place Their Bets

In other news, insider Iraj Amiri bought 1,456 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of GBX 145 ($1.88) per share, for a total transaction of £2,111.20 ($2,741.11). Corporate 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.