Eurocell (LON:ECEL) Shares Cross Above 50-Day Moving Average – Should You Sell?

Eurocell plc (LON:ECEL) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 170.21 ($2.22) and traded as high as GBX 184 ($2.40). Eurocell shares last traded at GBX 179 ($2.33), with a volume of 1,222,720 shares.

Wall Street Analyst Weigh In

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

Eurocell Price Performance

The company has a 50-day moving average of GBX 171.49 and a 200 day moving average of GBX 149.89. 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 cap of £181.71 million, a P/E ratio of 1,609.09 and a beta of 0.84.

Eurocell Cuts Dividend

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

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.