R.E.A. (LON:RE) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

R.E.A. Holdings plc (LON:RE) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 112.12 and traded as low as GBX 109.38. R.E.A. shares last traded at GBX 110, with a volume of 5,007 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 260 price target on shares of R.E.A. in a research report on Friday, June 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 260.

R.E.A. Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 78.03. The stock has a market capitalization of £60.47 million, a PE ratio of 18.48, a PEG ratio of 0.82 and a beta of 0.45. The company has a 50-day moving average of GBX 109.03 and a 200 day moving average of GBX 112.12.

About R.E.A.

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants. Further, the company holds interests in stone and sand deposits, and coal mining concessions located in East Kalimantan.