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

Eurocell plc (LON:ECEL) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 175.17 ($2.22) and traded as high as GBX 183 ($2.32). Eurocell shares last traded at GBX 174 ($2.21), with a volume of 400,792 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price objective on shares of Eurocell from GBX 180 ($2.28) to GBX 200 ($2.54) and gave the company a “buy” rating in a research report on Wednesday, September 4th.

Eurocell Price Performance

The firm has a 50 day moving average price of GBX 175.17 and a 200 day moving average price of GBX 152.02. The stock has a market cap of £180.68 million, a P/E ratio of 1,581.82 and a beta of 0.84. The company has a quick ratio of 0.87, a current ratio of 1.59 and a debt-to-equity ratio of 58.43.

Eurocell Cuts Dividend

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

Insider Activity

In related news, insider Alison Littley purchased 1,402 shares of Eurocell stock in a transaction on Friday, November 8th. The shares were bought at an average cost of GBX 178 ($2.26) per share, for a total transaction of £2,495.56 ($3,166.95). Company insiders own 2.13% of the company’s stock.

About Eurocell

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.