ECO Animal Health Group (LON:EAH) Stock Passes Below 200 Day Moving Average – What’s Next?

ECO Animal Health Group plc (LON:EAH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 89.34 ($1.09) and traded as low as GBX 62 ($0.75). ECO Animal Health Group shares last traded at GBX 62.10 ($0.76), with a volume of 37,346 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of ECO Animal Health Group in a report on Friday, November 29th.

ECO Animal Health Group Price Performance

The company has a current ratio of 2.96, a quick ratio of 2.14 and a debt-to-equity ratio of 4.31. The stock has a fifty day simple moving average of GBX 68.53 and a 200-day simple moving average of GBX 88.65. The stock has a market cap of £42.32 million, a price-to-earnings ratio of 3,124.00 and a beta of -0.05.

Insider Transactions at ECO Animal Health Group

In other news, insider David Hallas acquired 15,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of GBX 74 ($0.90) per share, for a total transaction of £11,470 ($13,955.47). 21.65% of the stock is currently owned by corporate insiders.

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.