Zambeef Products (LON:ZAM) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?
by Kim Johansen · The Markets DailyZambeef Products PLC (LON:ZAM – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.70 and traded as low as GBX 4.58. Zambeef Products shares last traded at GBX 4.80, with a volume of 54,746 shares traded.
Zambeef Products Price Performance
The company has a 50-day moving average price of GBX 4.59 and a two-hundred day moving average price of GBX 4.71. The company has a debt-to-equity ratio of 37.58, a current ratio of 1.09 and a quick ratio of 0.39. The company has a market cap of £14.43 million, a PE ratio of 0.09 and a beta of -0.48.
About Zambeef Products
Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, Nigeria, and Ghana. It operates through Retailing and Cold Chain Food Products and Cropping and Milling segments. The company engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour. It is also involved in the row cropping operations primarily maize, soya beans, and wheat with approximately 14,530 hectares of row crops under irrigation and 7,924 hectares of rain-fed/dry-land crops.