Zambeef Products (LON:ZAM) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Zambeef Products PLC (LON:ZAM) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.62 and traded as low as GBX 4.21. Zambeef Products shares last traded at GBX 4.90, with a volume of 70,453 shares trading hands.

Zambeef Products Stock Performance

The company has a 50 day moving average of GBX 4.65 and a two-hundred day moving average of GBX 4.63. 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 capitalization of £13.83 million, a PE ratio of 0.08 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.