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

Eurocell plc (LON:ECEL)’s stock price crossed 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 trading hands.

Analyst Ratings Changes

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

Eurocell Price Performance

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

Eurocell Cuts Dividend

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

Insider Buying and Selling

In related news, insider Alison Littley acquired 1,402 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of GBX 178 ($2.26) per share, for a total transaction of £2,495.56 ($3,166.95). 2.13% of the stock is owned by corporate insiders.

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.